BAKU, Azerbaijan, August 18. Iran’s Bank Maskan has provided loans worth 1.33 quadrillion rials (about $2.32 billion) within the framework of national housing projects since the beginning of the current Iranian year (March 21, 2025), said Mohsen Fazelian, Deputy Director for Financial Affairs of Iran’s Maskan Bank, Trend reports.
In a statement to local media, Fazelian noted that, so far, 59,000 projects for the construction of 392,000 housing units have been submitted to the bank. Within these projects, loans amounting to about 1.8 quadrillion rials (about $3.14 billion) are planned to be allocated.
Fazelian added that at present, the status of 31,000 of the mentioned housing units has been determined, and construction works are about 80 percent complete. The process of building the remaining housing units and allocating loans for them remains a priority.
Under the National Housing Supply Plan implemented by Iran’s Ministry of Roads and Urban Development, household heads must register and have a deposit of 300 million rials (about $7,140) at Bank Maskan.
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