The newly initiated 600 million rial ($ 20,000) housing loan will be ratified by the Central Bank of Iran next week said Mohammad Hashem Botshekan, CEO of Bank Maskan, according to the website of the Ministry of Roads and Urban Development. Botshekan noted that CBI has shown its initial approval and is now reviewing several proposed changes to the scheme made by his bank including measures to provide sufficient funds for the loans.
