The speeds of mortgage crediting cut down in Azerbaijan, and certain banks interrupted operations on providing loan means at all, which is conditioned by the financial crisis in world markets.

Mediamax reports referring Trend that the Head of Azerbaijan Banks Association Eldar Ismailov stated that “the consequences of the world financial crisis, which have covered the Russian market, as well as the USD exchange rate fluctuations justify the actions of the Azerbaijani banking sector, which responds to these events by means of cutting down the crediting speeds”.

Consumer crediting is interrupted for a month in large banks, such as Kapital Bank, Azerdemiryolbank, Mugan Bank, Zamin Bank, UniBank.