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National Bank of Azerbaijan exploring efficient model of mortgage lending

January 14, 2008
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1 min read

The FINANCIAL — According to APA-Economics, National Bank of Azerbaijan is exploring efficient options of mortgage lending models.

 

Elman Rustamov, Chair of the Board of the Bank, said after exploration of efficient models, proposals will be submitted to the President of Azerbaijan.

8,000 families took out in total AZN 260 million mortgages in Azerbaijan in 2007.

 

 

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