Iran: Home Loans Surge by 19%

Latest figures disclosed by Bank Maskan, the agent bank of Iran’s housing sector, indicate that the lender has upped the volume of its loans, as the housing market, especially the one in the capital Tehran, is taking a hit due to the prevailing currency volatility.
A report published Saturday on HIBNA, the official news website of Bank Maskan, shows that the bank doled out 56,000 loans worth 24.56 trillion rials ($209.04 million) to applicants during the fifth month of the current Iranian year that ended on Aug. 22. 
The number of loans remained virtually unchanged compared with the similar period of last year, but their value increased by 19%.