Azerbaijan Mortgage Fund announces competition for insurance services

Azerbaijan Mortgage Fund (AMF) under the Central Bank of Azerbaijan has announced a competition for the purchase of a number of insurance services, the AMF reported.

The Fund plans to select an insurance company for insurance of its motor vehicles, the voluntary health insurance, insurance of administrative building and whole property.

The cost of participation in each contest is 50 manat. The applications from the insurance companies will be accepted by April 4. Evaluation of the proposals of insurance companies will be held on April 5 at 15:00 in the administrative building of the AMF.

AMF was founded in December 2005. During January and February this year, mortgage loans totaling 8.8 million manat was provided under in line with the Mortgage Fund. At present, the Mortgage Fund cooperates with 22 authorized banks.


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