Lending Unfeasible
Economy, Business And Markets

Lending Unfeasible

The CEO of Bank Melli says banks cannot provide facilities for housing loans because they are short of money supply. Abdol Naser Hemmati pointed to the high demand for mortgages saying, “Banks do not have enough money to lend to every applicant,” ISNA reported. The proposed interest rate for housing facilities is 21% for a ten-year term, which he believes is not economically feasible for the state-owned lenders.

Short URL : https://goo.gl/Ftc8EF
  1. https://goo.gl/bzc295
  • https://goo.gl/JHEOmL
  • https://goo.gl/m7LRxf
  • https://goo.gl/7uNBRC
  • https://goo.gl/15nKa3

You can also read ...

Iran Economic News Headlines for Today - October 15
1. Mohammad Baqer Nobakht, the head of Plan and Budget...
Iran, India Aim to Accelerate Chabahar Project Before US Curbs
India and Iran have renewed efforts to operationalize one...
Ban on Iran Imports From Farah Checkpoint to Be Lifted
Afghanistan Customs Department has agreed to lift the ban on...
Iran Mineral Trade Surplus Rises to $3.5 Billion
Iran's trade surplus of mineral products increased notably to...
Tehran Stocks Regain Composure on Big Firms Earnings
After losing more than 6,000 points in the past two days,...
Iran, Japan to Train Afghan Customs Staff
The Islamic Republic of Iran Customs Administration has signed...
Iran Plans Barter Trade With Africa - Interview
As a bid to ease trade with African countries, the Iran...
Cars to Cost More in Iran
Automakers will soon receive the okay from relevant...