Azer Turk Bank and MIDA announce the start of cooperation
The rules, adopted by the decree of the President of the Azerbaijan Republic No. 1113 of November 16, 2016, enable the country’s citizens who have the right to purchase flats using the preferential mortgage loan allocated from the funds of the Azerbaijani Mortgage and Credit Guarantee Fund.
So, citizens registered in Low-Cost Housing System and having their private online cabinet can use these preferential terms through Azer Turk Bank, which is now the agent bank of Azerbaijani Mortgage and Credit Guarantee Fund and has signed the partnership agreement with MIDA LLC, acting in subordination to the State Housing Development Agency.
Azer Turk Bank, operating in Azerbaijan for 22 years, is one of the market leaders according to its financial performance. The Bank has branches not only in Baku but also in Ganja, Nakhchivan, Gabala, and Shirvan in order to serve customers properly. Azer Turk Bank considers the improvement of housing conditions for the country’s citizens the main purpose of this cooperation. The fact that the Bank has correspondent accounts at such well-known institutions as Citibank (USA), Raiffeisenbank AG (Austria), Commerzbank AG (Germany), T.C.Ziraat Bankası A.Ş.(Turkey), also proves its status.
The Bank, which shareholders are governments of Azerbaijan and Turkey, is aimed at achieving its strategic goals and strengthening its positions in the business administration field in main segments of the financial market.