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Azerbaijan Mortgage Fund ends Q3 2017 with 3.5 mln AZN profit
Finance
- 31 October, 2017
- 08:46
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Baku. 31 October. REPORT.AZ/ Total assets of Azerbaijan Mortgage Fund (AMF) amounted to 874.415 mln AZN as of October 1, 2017.
Report informs referring to AMF's financial report, it is 29.25% more compared with October 1, 2016.
During reporting period, total liabilities of the AMF increased by 37.15% to 471,994 mln AZN, including liabilities on issued securities increased by 37.9% up to 465.712 mln AZN.
During the year the total capital of the Fund increased by 19.4% up to 397.544 mln AZN. The authorized capital increased by 14.4% and reached 377.279 mln AZN.
Notably, AMF was established on August 18, 2016 on the basis of the Mortgage Fund under the Central Bank of Azerbaijan operating since 2005.
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