Bank Maskan News

  • Bank Maskan Home Purchase Loans Reach $775 Million
    Bank Maskan, the state-run agent bank of the housing sector, granted a total of 228,949 home loans worth 113.83 trillion rials ($775 million) in the last Iranian year that ended on March 20, 2019...
  • Bank Maskan Loans Up 42% in Number, 26% in Value
    Bank Maskan, the state-run agent bank of the housing sector, granted a total of 421,800 loans worth 157.14 trillion rials ($1.17 billion) during the 10 months ending Jan. 20.  The facilities were...
  • Iran Parliament Approves $400m Capital Boost for Home Lender
    Lawmakers ratified another section of next year's (March 2019-20) budget bill that allows Bank Maskan - the main housing bank - to reimburse 50 trillion rials ($400 million) of its debt to the...
  • Resources of Bank Maskan’s Housing Account Up 8.5%
    Resources of Bank Maskan’s Housing Savings Account, the mortgage loan program of the state-run bank, reached 87.56 trillion rials ($729.74 million) by the end of the Iranian month Dey (Jan. 20),...
  • 30% Rise in Home Loans in Iran
    Housing facilities allocated during the first eight months of the current fiscal year (March 21-Nov. 21) increased by 30% compared with the same period of last year, the managing director of Bank...
  • Iran's Housing Bank Gets Capital Boost in New Budget Bill
    As part of the next year's budget bill submitted to the Majlis on Tuesday, fifty trillion rials ($446 million) will be allocated to Bank Maskan - the main housing bank – to help the government-...
  • Bank Maskan Loans at $2.6b in 15 Months
    The state-run agent bank of Iran's housing sector has doled out loans worth $2.6 billion since the start of the second tenure of President Hassan Rouhani in August 2017, the bank's chief executive...
  • 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...
  • Iran'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...
  • 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...
  • Short-Term Deposits Top Bank Maskan Resources
    Bank Maskan, the agent bank of Iran’s housing sector, has released the latest report on its resources and expenses, indicating that its customers mostly favor short-term deposits. According to a...
  • Bank Maskan Mulls Offering Bigger Loans With Lower Interests
    Bank Maskan, the state-run agent bank of the housing sector, is considering the possibility of increasing the ceiling of home loans while reducing their interest rates to boost the people's...
  • Housing Savings Account Outstrips Deposit Targets
    Latest figures from the Housing Savings Account, Iran’s cheapest homeownership initiative, show that it has managed to attract more deposits than it had initially targeted. HSA was supposed to...
  • Home Loans Surge by 52.8%
    Bank Maskan, the sole specialized bank in the housing sector, has recorded an annual increase of 52.8% in the volume of loans it has paid to finance related deals.  According to Hibna, the bank's...
  • HSA Growth Beats Expectations
    More than 480,000 people have opened Bank Maskan’s Housing Savings Account that offers Iran’s cheapest home loans since its inception about three years ago, the bank’s chief executive said. “Some...
  • Bank Maskan Modifies Housing Finance Policies
    Bank Maskan, the agent bank of Iran's housing sector, has made several policy changes to address the ongoing turmoil in the domestic foreign currency market, which has led to a rise in home prices...
  • Bank Maskan Mulls Home Loan Proposals
    Bank Maskan, the agent bank of the housing sector, is considering two proposals to sweeten a home loan offer for revitalizing the stagnant housing market and boosting demand from first-time home...
  • Bank Maskan Loans Top $680m in Q1
    Bank Maskan, the agent bank of Iran's housing sector, allocated a total of 30 trillion rials ($686 million) to all applicants during the first three months of the current fiscal year ending June 21...
  • 13% of HSA Loans for Old Neighborhoods
    Mortgage loans for homes located in dilapidated parts of cities accounted for 13.2% and 13% of the total number and value of home loans, respectively, following a popular mortgage initiative by May...
  • HSA Deposits Up 70% YOY
    Down payments by applicants in Bank Maskan’s three-year-old mortgage scheme that targets first-time home buyers have increased 70% in value over the year ending June 21. “Deposits made into the...
  • Bank Maskan is the agent bank of Iran’s housing sector.
    Bank Maskan, the agent bank of Iran’s housing sector, has released its latest performance report showing that the number of loans it allocated to applicants during the first quarter of the current...
  • New Bank Maskan Policy Outlined
    Maskan Investment Group, the parent company of Bank Maskan, has outlined the group’s new policy in line with the bank’s efforts to spur the housing market.  Iran’s property market has been beset...
  • Bank Maskan Keen on Revitalizing Housing Sector
    Bank Maskan CEO Abolqasem Rahimi Anaraki announced plans to revitalize the housing sector by...
  • HSA Mortgage Applicants Top 326,000
    Bank Maskan said over 326,000 applicants have signed up for a popular mortgage scheme the lender launched three years ago. Down payments required of the applicants under the Housing Savings...
  • Bank Maskan Funded 1m Homes in 2 Years
    Bank Maskan, the agent bank of Iran’s housing sector, has released its two-year performance report, which indicates that it funded about one million homes in the fiscal 2016-17 and 2017-18....

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