Financial Tribune - Bank Maskan, the state-run agent bank of housing sector, granted a total of 62,944 construction loans worth 26,200 billion rials ($230.22 million) to real-estate developers across the country during the first six months of the current Iranian year (started March 21).

During the month ending Sept. 22, a total of 13,668 construction loans worth 5,710 billion rials ($50.17 million) to real-estate developers registered a 1% and 2.7% growth in number and value, respectively, Mohammad Hassan Alamdari, an official with the bank, told HIBNA.

Bank Maskan�s facilities are chiefly granted for home purchases and home constructions in various forms, including bond facilities and savings funds.