BAKU, Azerbaijan, November 30. The amount of loans issued by Iran’s Maskan Bank increased by 151 percent, during the first eight months of the current Iranian year (March 21 through November 21, 2022), compared to the same period last Iranian year, Deputy Director of the bank Mohsen Fazelian said, Trend reports citing Iranian Ministry of Roads and Urban Development.
According to Fazelian, in total, the Maskan Bank provided loans worth 850 trillion rials (about $20.2 billion) in 8 months.
He added that of the mentioned amount, about 768 trillion rials (about $18.3 billion) was issued for construction of housings.
“In addition, the bank is expected to sign contracts with construction companies on providing loans worth 670 trillion rials (about $16 billion),” the deputy director noted.
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