Bank Standard – the largest private bank in Azerbaijan, does not intend to cut down the interest rates on mortgage programs, the first Deputy Chairman of the bank’s Board of Director Javid Guliyev stated.

“The decrease of interest rates is hindered both by the world mortgage crisis and the high deposit interest rates in the local financial market”, Guliyev stated.

Bank Standard has three programs on mortgage crediting with the annual interest rates from 16% to 18%.