TODAY.AZ / Business

Azerbaijan Industry Bank to lend mortgage loans at 6% annually

21 February 2007 [08:15] - TODAY.AZ
Azerbaijan Industry Bank, as an authorized bank of Azerbaijan Mortgage Fund, will begin lending mortgage loans at a 6% interest rate annually.

Bank's official Elnur Islamov told APA that although the ceiling of mortgage interest rate is set at 8% annually, the Bank has decided to lend mortgage loans at 6% annually.

Bank's assets reached AZN 27,92mln and authorized capital made AZN 7.8mln.
Azerbaijan Industry Bank (former CIBank) was established in 1996.

URL: http://www.today.az/news/business/36786.html

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