Resources of Bank Maskan’s Housing Account Up 8.5%

Resources of Bank Maskan’s Housing Savings Account, the mortgage loan program of the state-run bank, reached 87.56 trillion rials ($729.74 million) by the end of the Iranian month Dey (Jan. 20), registering an 8.5% rise year-on-year. 
Housing Savings Account comprises 12% of the total resources of Bank Maskan, a report published on HIBNA, the bank's news outlet, says. 
HSA is the bank’s primary and most successful initiative created nearly four years ago, which requires applicants to make down payments and wait for a year to become eligible for the cheapest home loans in the country.