MIDA signs a cooperation agreement with yet another credit organization – Azer-Turk Bank05/02/2018

Pursuant to the Regulation approved by Decree of the President of the Republic of Azerbaijan No. 1113 dated November 16 2016, one of the privileges offered to persons entitled to affordable housing is a preferential mortgage loan provided at the expense of the Azerbaijan Mortgage and Credit Guarantee Fund.

The opportunity to benefit from affordable housing for citizens who got a personal e-cabinet by registering in the "Affordable Housing" system is provided by credit institutions that are included in the list of authorized banks of the Mortgage and Credit Guarantee Fund and signing a cooperation agreement with "MIDA" LLC under the State Housing Development Agency of the Republic of Azerbaijan.

MIDA continues to expand the scope of banks with which it cooperates in order to ensure the convenience of citizens. "Azer-Turk Bank" OJSC became the next credit organization, which signed a cooperation agreement with "MIDA" LLC. Azer-Turk Bank is one of the leading banks in the country for its financial performance, operating 22 years and providing customer convenience with its offices not only in Baku, but also in Ganja, Nakhchivan, Gabala and Shirvan.

Azer-Turk Bank is the fourth bank to sign a cooperation agreement with "MIDA" LLC on granting citizens preferential mortgage at the expense of the Azerbaijan Mortgage and Credit Guarantee Fund. Similar contracts were also concluded with Kapital Bank, Bank BTB and UniBank.

State Housing Development Agency of the Republic of Azerbaijan

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