Bank Maskan Loans Top $680m in Q1
Bank Maskan Loans Top $680m in Q1
Tuesday, July 24, 2018

Bank Maskan Loans Top $680m in Q1

Tuesday, July 24, 2018

Bank 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.


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/59ADk9
  1. https://goo.gl/Vhr2hD
  • https://goo.gl/mHmfzB
  • https://goo.gl/fVmV91
  • https://goo.gl/kk4sHG
  • https://goo.gl/yA1zbc

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Add new comment