Bank Maskan loans at $2.6b in 15 months

Financial Tribune – 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 said.

Bank Maskan CEO Abolqasem Rahimi Anaraki said the lender has allocated 885,509 loans amounting to 323. 25 trillion rials ($2.58 billion) in the 15-month period, the official news website of the Ministry of Roads and Urban Development reported.

Home purchase has become the main focus for the state lender, especially since home prices skyrocketed in recent months.