Azerbaijan Mortgage Fund to Continue Active Issue of Mortgage Bonds
OREANDA-NEWS. December 1, 2011. The Azerbaijan Mortgage Fund (AMF) under the Central Bank is going to remain the most active issuer in the domestic stock market.
Central Bank’s first deputy chairman Alim Guliyev says that mortgage bonds will be issued next year as well.
"The State Budget plans allocation AZN 20 million for Fund’s activity and the demand for mortgage loans is much higher than this volume. The non-met demand will be covered by the AMF bonds," he added.
At that, the Central Bank has not a fixed limit on the amount of AMF borrowing.
According to Central Bank’s estimates, the unmet demand for social mortgage alone has totaled already AZN 80 million.
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