image description
image description
Tell A Friend

FinancialNews


  • 22-11-20

    Iran: Construction segment increase 46 percent

    (MENAFN) The worth of the loans paid throughout the mentioned period reveals a 46-percent upsurge compared to the same period of 2019, in spite of the depression in the housing market, according to the bank"s Managing Director Mahmoud Shayan.

    IRNA revealed that the administrator stated that 1,135,235 loans were paid to the applicants in a variety of forms, counting home loans under housing saving account, housing bonds, housing repair bonds, or construction loans.

    Adding that at least 30 percent of all homebuyers used Bank Maskan credits to fund their houses throughout the period, the official stated that a total of 66,000 home purchase loans worth 66 trillion rials (USD1.57 billion) were paid to candidates.

    He stated that "A total of 84,366 housing repair bonds worth 28 trillion rials (USD106 million) were paid. Most people opted for renovating their homes rather than buying a new one due to the exponential rise in home prices in Tehran and other big cities. That is why repair and reconstruction loans [housing repair bonds] outnumbered home loans paid by the bank".

    MENAFN22112020000045011134ID1101165400

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved