Bank Maskan Pays $13.5m in Disaster Loans Over 1 Year

Bank Maskan, the state agent bank of Iran’s housing sector, provided 13,223 loans worth 3,185 billion rials ($13.5 million) to those affected by disasters, including floods and earthquakes, in 31 provinces across the country from Feb. 1, 2020, to Jan. 31, 2021, says Nader Qasemi, the head of the bank’s board of directors. 
Applicants in Khuzestan Province received the highest number of loans in the country with 1,811 loans, followed by West Azarbaijan with 1,609 loans, Kermanshah with 1,599 loans, Lorestan with 1,403 loans and Markazi Province with 656 loans. 
“In terms of value, Kermanshah accounted for the lion’s share of loans, with disaster relief loans for renovation and repair as well as purchase of home appliances worth 479.93 billion rials [$1.97 million] granted to applicants in the western province,” Qasemi was quoted as saying by Hibna.
Floods inflicted losses worth 90 trillion rials ($370 million) on Iran’s economy in the fiscal 2019-20.