Bank Maskan Loans Up 42% in Number, 26% in Value

Bank Maskan, the state-run agent bank of the housing sector, granted a total of 421,800 loans worth 157.14 trillion rials ($1.17 billion) during the 10 months ending Jan. 20. 
The facilities were doled out in various forms, including bond facilities, savings funds, home loans or construction facilities, the bank’s official news outlet HIBNA reported.
Bank Maskan posted a considerable increase in loan output during the period. The number of loans granted by Bank Maskan shows a rise of 42% over last year’s similar period, outpacing the average 6% growth registered by the country’s banking network.