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Azerbaijan approves new rules of mortgage lending

Thu 12 October 2017 | 10:22 GMT

Azerbaijan's Prime Minister Artur Rasizade has approved new rules related to mortgage lending.

According to Oxu.Az, "Rules of issuance of mortgage lending by state-owned banks from their own funds' cover only with the banks with the state share.

The rules are approved to ensure execution of paragraph 9.6 of the decree of President of Azerbaijan dated June 22, 2016 'On several issues of mortgage lending in the Republic of Azerbaijan'.

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