Bank Maskan to ramp up mortgage plan

Financial Tribune- Bank Maskan plans to expand a national mortgage scheme in the coming months to cover 700,000 potential applicants, the bank’s CEO Abolqasem Rahimi said.

“We supplied funds, in the form of property purchase and construction loans, for 540,000 residential units last year [ending March 20]. We intend to increase the number of homes covered by the bank’s facilities to 700,000 in the current year,” Rahimi was quoted by IBENA as saying on Thursday.