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Iran's Biggest Mortgage Provider Extends €14b in 3 Decades

Iran's Biggest Mortgage Provider Extends €14b in 3 DecadesIran's Biggest Mortgage Provider Extends €14b in 3 Decades

Iran's housing and construction sector has received about 2.09 quadrillion rials (over €14b) worth of loans during the past three decades, according to the state-run agent bank of the sector.
The value has been converted based on the euro's Tuesday exchange rate of 146,210 against the rial, as the dollar saw wild fluctuations in the day and a clear and stable rate was elusive.
Bank Maskan disclosed a long-term lending portfolio that shows it has allocated a total of about 2.22 quadrillion rials (over €15 billion) from the fiscal 1988-89 up to the end of the fifth month of the current fiscal year on Aug. 22.

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