Bank Maskan Funded 1m Homes in 2 Years
Bank Maskan, the agent bank of Iran’s housing sector, has released its two-year performance report, which indicates that it funded about one million homes in the fiscal 2016-17 and 2017-18.
The facilities included participation loans aimed at assisting the construction and purchase of residential units, as well as loans for renovating and completing housing construction.
In the fiscal 2016-17, the bank allocated 539,520 counts of loans whereas that number for the following year stood at 518,022 loans, a majority of which were aimed at helping purchase residential units.
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@fintribune
Bank Maskan, the agent bank of Iran’s housing sector, has released its two-year performance report, which indicates that it funded about one million homes in the fiscal 2016-17 and 2017-18.
The facilities included participation loans aimed at assisting the construction and purchase of residential units, as well as loans for renovating and completing housing construction.
In the fiscal 2016-17, the bank allocated 539,520 counts of loans whereas that number for the following year stood at 518,022 loans, a majority of which were aimed at helping purchase residential units.
goo.gl/gnwL21
@fintribune