In accordance with the relevant Decision approved by Order No.1113, dated 16.11.2016, of the President of the Republic of Azerbaijan, one of the concessions offered to people who have a right to acquire an affordable apartment is a mortgage credit granted at the expense of the Mortgage and Credit Assurance Fund of the Republic of Azerbaijan.
The opportunity to benefit from this concession for citizens who received an electronic cabinet by getting registered with the “Affordable Housing” System are ensured by credit organizations included in the authorized banks of the Mortgage and Assurance Fund of the Republic of Azerbaijan who have concluded a cooperation agreement with "MIDA" LTD under the State Housing Development Agency of the Republic of Azerbaijan.
With a view to ensuring the convenience of citizens, SHDA has been continuing to extend the circle of banks it has been cooperating within this field. Another financial institution to sign a cooperation agreement with “MIDA” LTD was “Gunay Bank” OJSC.
Having operated since 1992, “Gunay Bank” has been providing its clients with all kinds of banking and financial services. A Customer Service Department, 10 branch offices, 4 divisions, and 4 exchange points are functioning under “Gunay Bank” at the moment.
Thus, the number of the banks that have signed a cooperation agreement with “MIDA” LTD in connection with providing citizens with a mortgage credit at the expense of the Mortgage and Credit Assurance Fund of the Republic of Azerbaijan reached the number of 8. Earlier, similar agreements were signed with “Kapital Bank” OJSC, “Azer-Turk Bank” OJSC, “Bank VTB (Azerbaijan)” OJSC, “International Bank of Azerbaijan” OJSC, “TuranBank” OJSC, “PASHA Bank” OJSC, and "Rabitabank" OJSC.