Economy, Business And Markets

Bank Maskan Loans Top $680m in Q1

Bank Maskan Loans Top $680m in Q1Bank Maskan Loans Top $680m in Q1

Bank Maskan, the agent bank of Iran's housing sector, allocated a total of 30 trillion rials ($686 million) to all applicants during the first three months of the current fiscal year ending June 21.
This was doled out in the form of 85,140 loans, according to a performance report published on HIBNA, the official news outlet of the bank.
However, this volume was for all loans extended by Bank Maskan. According to its latest report, the lender allocated 71,889 loans worth about 28.07 trillion rials ($642 million), the overwhelming majority of its total volume of loans, to the country's housing and construction sector that is currently experiencing a period of boom after at least five years of relentless recession.


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