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Bank Maskan Funded 1m Homes in 2 Years
Bank Maskan Funded 1m Homes in 2 Years
Tuesday, July 10, 2018

Bank Maskan Funded 1m Homes in 2 Years

The agent bank of Iran’s housing sector has funded the construction, purchase and renovation of more than one million homes during the past two years
In 2016-17, home purchase loans handed out by Bank Maskan for savings accounts and bonds numbered 134,257 counts, which reached 184,328 during the following year to mark a 37% increase
Tuesday, July 10, 2018

Bank Maskan Funded 1m Homes in 2 Years

Bank Maskan, the agent bank of Iran’s housing sector, has released its two-year performance report, which indicates that it funded about one million homes in the fiscal 2016-17 and 2017-18.
According to the report published on HIBNA, the official news website of the lender, the facilities included participation loans aimed at assisting the construction and purchase of residential units, as well as loans for renovating and completing housing construction.
In the fiscal 2016-17, the bank allocated 539,520 counts of loans whereas that number for the following year stood at 518,022 loans, a majority of which were aimed at helping purchase residential units.
In the previous year, home purchase loans handed out by Bank Maskan for savings accounts and bonds numbered 134,257 counts, which reached 184,328 during the following year to mark a 37% increase. 

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07/10/2018
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