HSA Deposits Up 70% YOY
HSA Deposits Up 70% YOY
Saturday, July 21, 2018

HSA Deposits in Iran Up 70% YOY

Saturday, July 21, 2018

HSA Deposits in Iran Up 70% YOY

Down payments by applicants in Bank Maskan’s three-year-old mortgage scheme that targets first-time home buyers have increased 70% in value over the year ending June 21.
“Deposits made into the Housing Savings Account totaled 68,740 billion rials [$1.58 billion] in the form of 339,305 accounts at the end of the third Iranian month, registering a 70% rise in value compared with the same period of last year,” Bank Maskan’s Public Relations Officer Mehdi Ahmadi said.
The jump reflects the growing popularity of the initiative, Ahmadi said in an interview on Wednesday with HIBNA, Bank Maskan’s news website. 
HSA is aimed at lending support to first-time homebuyers by offering facilities at low interest rates in return for an initial deposit held by the bank for at least a year.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/2e8xJv
  1. https://goo.gl/D4QRTD
  • https://goo.gl/yR7bGT
  • https://goo.gl/YMPtUo
  • https://goo.gl/jrGaHj
  • https://goo.gl/Te8nLk

You can also read ...

Effects of Sanctions on Food Consumption of the Poor
It is now clear that the purpose of US sanctions against Iran...
CBI Moves to Sideline USD
As part of the latest measure to ditch the US dollar from the...
New Online System to Monitor Warehouses Countrywide
All warehouses in Iran are required to register in the so-...
Surcharge on Forex Rate Difference “Illegal”
The retrospective application of Clause Five of the government...
Bank Loans Hit €18 Billion in 4 Months
Banks and credit institutions allocated a total of 1.67...
Gov’t to Build  2 New Towns
The Iranian government will commence the process of building...
Optimism Over Prospects of Iran Stocks Performance
The latest Consensus Earnings Report shows the price to...
Sesame Oil, Products Imported From  6 Countries
More than 1.38 million tons of sesame oil and products worth $...

Add new comment