Bank Maskan Housing Loans Increase 70% to Over $300m

Bank Maskan, the state agent bank of the housing sector, paid 73.17 trillion rials ($314 million) in loans during the first quarter of the current fiscal year (March 20-June 21). 
The volume of loans furnished in Q1 shows a 70% rise compared with the corresponding period of last year. 
Bank Maskan accounted for 53% of the total loans paid by the country’s banking network to the housing sector during the three-month period (136.45 trillion rials/$586 million).  
According to a report by the Central Bank of Iran, banks and credit institutions in Iran paid a total of 2,247.8 trillion rials ($9.6 billion) in loans in Q1.