Bank Maskan Loans Reach Record High

As Iran's housing sector is hard at work fighting off a returning recession triggered by the currency crisis, the state-run agent bank of the sector is pumping out facilities faster than ever to compensate for a dwindling purchasing and spending power.
Bank Maskan registered considerable increases in its loan output during the first six months of the current Iranian year that ended on Sept. 22, with home purchase loans accounting for the highest year-on-year rise, a report published on HIBNA, the bank's official news outlet shows.