Bank Maskan Reconstruction Loans at $24m in 5 Months

Bank Maskan, the state agent bank of housing sector, financed the reconstruction and renovation of 13,852 old buildings in urban slum areas during the first five months of the current Iranian year (ended August 21), says Masoud Izadi, a senior official with the bank. 
“Of the total number of these loans, 11,257 were given to applicants from March 21, 2019, to March 19, 2020, and 2,595 were granted from March 20 to August 21; they were worth 5,936 billion rials [$24 million] combined," he was quoted as saying by Hibna.  
Noting that since August 23, 2019 to August 5, 2020, Bank Maskan financed the reconstruction of 12,217 flood-stricken residential units, the official said 1,353 of these homes were located in rural areas and 10,864 in urban areas.
Devastating floods swept across Iran in March and April 2019, killing 70 people, washing away bridges, inundating houses and destroying critical infrastructure in Kermanshah, Fars, Lorestan, Kohgilouyeh-Boyerahmad, Golestan, Mazandaran, North Khorasan, Khorasan Razavi, Hamedan, Semnan and Khuzestan, and causing 350 trillion rials ($1.46 billion) in damages.