OREANDA-NEWS. April 16, 2009. Despite a range of domestic banks curtailed their mortgage lending programs, in the first quarter of 2009 Azerbaijan registered growth of operations relating to issue of mortgage and housing certificates.

The State Securities Committee informs that for Jan-Mar of the year it was registered 33 mortgage certificates.

For the reported term it was issued 252 housing certificates for AZN 268.3 million for floor space of 65,042 sq m that exceeds the indicators for 2008 same term by 4.5 fold, 26 fold and 1.6 fold respectively.

The country registered 33 mortgage certificates for Jan-Feb 2009 and 14 ones this January.