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Loans

  • EghtesadOnline: Bank Maskan, the state agent bank of the housing sector, paid 201,360 billion rials ($767 million) in loans during the first seven months of the current fiscal year (March 20-Oct. 21).

  • EghtesadOnline: A total of 559 loans worth 32,312 billion rials ($115 million) were paid to industrial and mining units in the first half of the current fiscal year (March 20—Sept. 21).

  • EghtesadOnline: A total of 1,535 small- and medium-sized enterprises and projects with a progress of over 60% received an aggregated of 39,000 billion rials ($140 million) in loans during the first half of the current fiscal year (March 20—Sept. 21).

  • EghtesadOnline: An agreement has been signed between the Ministry of Industries, Mining and Trade, Bank of Industry and Mine, and Mining Investment Insurance Corporation (MICO), based on which loans worth 6 trillion rials ($20 million) will be extended to help revive inactive mines across Iran.

  • EghtesadOnline: Banks and credit institutions paid 5,060.8 trillion rials ($18 billion) in loans to businesses in the first five months of the current fiscal year (March 20-August 21).

  • EghtesadOnline: The central bank will resist attempts to pay the rial equivalent of loans taken from the National Development Fund of Iran in bid to avoid overburdening the bank’s balance sheet by printing money.

  • EghtesadOnline: Atotal of 65,000 applicants have opened accounts with designated banks of the government-sponsored “National Housing Initiative” so far and 38,000 of them have made the initial payment of between 300-400 million rials [$1,165-1,554], says an official with Bank Maskan, the state agent bank of the housing sector.

  • EghtesadOnline: A total of 2,358 accounts have been opened with designated banks for security deposit assistance loans.

  • EghtesadOnline: Thirty-six percent of all homebuyers in the first four months of the current fiscal year (March 20-July 21) used Bank Maskan loans to finance their homes.

  • EghtesadOnline: Bank Maskan has offered close to 70,000 loans worth 19,000 billion rials ($77 million) under the Youth Savings Account from the Iranian year ending March 2006 until now, Hibna, the news portal of the state agent bank of the housing sector reported.