Economy, Business And Markets

Home Savings Deposits Cross $2 Billion

Home Savings Deposits Cross $2 BillionHome Savings Deposits Cross $2 Billion

Major savings initiatives in Iran aimed at easing home purchase and construction have continued to grow since the current Iranian year began on March 21.
According to Bank Maskan, the state-run agent bank of the housing sector that operates all three savings initiatives, the total volume of home savings deposits held by the end of the fourth month of the current year on July 22 reached 92.10 trillion rials ($2.19 billion). 
The figure was 9.2% higher than the 84.43 trillion rials ($2.01 billion) held by the lender’s savings initiatives at the end of the previous fiscal year, reports HIBNA, the bank’s official news portal.


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