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Bank Melli Lends $7 Billion in 10 Months

EghtesadOnline: Bank Melli Iran, the biggest state-owned lender, gave 952 trillion rials ($7.1 billion) in loans over ten months since the beginning of current fiscal year that ends in March.
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Publish Date:08/February/2020 | 11:51

Bank Loans Post 30% Growth

EghtesadOnline: Banks and credit institutions paid 6,262.7 trillion rials ($47 billion) in loans during the first nine months (March 20-Dec 21, 2019) of current fiscal year.
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Publish Date:27/January/2020 | 24:24

16,500 Work at Home Jobs Created in H1

EghtesadOnline: A total of 9,500 people received loans for home-based businesses in the first half of the current year (March 21-Sept. 22), which led to the creation of 16,500 new jobs, says Mahnaz Emamdadi, an official with the Ministry of Cooperatives, Labor and Social Welfare.
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Publish Date:28/December/2019 | 24:50

Loans for Buying E-Bikes

EghtesadOnline: In a push to promote electric motorcycles, Tehran Municipality, jointly with the state-backed Omid Entrepreneurship Fund, will extend cheap loans to e-bike buyers, covering 80% of the vehicle's price.
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Publish Date:24/November/2019 | 11:20

Bank Melli Iran Pays $100m in Debt Purchase Loans

EghtesadOnline: State-owned Bank Melli Iran has granted 7,612 debt purchase applicants facilities worth 11.78 trillion rials ($100.7 million) in the first four months (March 21-July 22) of the current fiscal year.
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Publish Date:25/August/2019 | 11:29

$760 Million in Loans to First-Time Homebuyers

EghtesadOnline: Bank Maskan, the agent bank of Iran's housing sector, has paid a total of 89,000 billion rials ($760.68 million) in home loans under the Housing Savings Account scheme since its launch in June 2015.
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Publish Date:17/August/2019 | 10:22

Bank Maskan Loans Top $360 Million

EghtesadOnline: Bank Maskan, the state-run agent bank of housing sector, granted a total of 102,295 loans worth 43,080 billion rials ($362 million) during the first quarter of the current fiscal year (March 21-June 21), indicating an increase of 5.3% in the value of facilities year-on-year, an official with the bank said.
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Publish Date:20/July/2019 | 10:59

Bank Maskan Loans Up 42% in Number, 26% in Value

EghtesadOnline: Bank Maskan, the state-run agent bank of the housing sector, granted a total of 421,800 loans worth 157.14 trillion rials ($1.17 billion) during the 10 months ending Jan. 20.
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Publish Date:24/February/2019 | 11:00

NDFI Lends $18b in H1

EghtesadOnline: A report by the National Development Fund of Iran shows that the sovereign wealth fund allocated $14.7 billion in foreign exchange in loans through 20 agent banks during the first half of current fiscal (March 21- Sept. 22.).
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Publish Date:01/January/2019 | 24:56

Bank Maskan Loans at $2.6b in 15 Months

EghtesadOnline: The state-run agent bank of Iran's housing sector has doled out loans worth $2.6 billion since the start of the second tenure of President Hassan Rouhani in August 2017, the bank's chief executive said.
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Publish Date:19/November/2018 | 10:17

Bank Maskan Loans Reach Record High

EghtesadOnline: As Iran's housing sector is hard at work fighting off a returning recession triggered by the currency crisis, the state-run agent bank of the sector is pumping out facilities faster than ever to compensate for a dwindling purchasing and spending power.
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Publish Date:10/October/2018 | 05:48

Bank Maskan Mulls Offering Bigger Loans With Lower Interests

EghtesadOnline: Bank Maskan, the state-run agent bank of the housing sector, is considering the possibility of increasing the ceiling of home loans while reducing their interest rates to boost the people's purchasing power that has taken a serious hit due to recent hefty price hikes.
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Publish Date:05/September/2018 | 05:22

$1.4 Billion Given in Collateral-Free Loans

EghtesadOnline: Bank Sepah was in the lead with $361 million to an estimated 630,000 applicants, accounting for 21% of the total. Mehr Iran Qarz Al-Hasanah Bank ranked next with $263m to 430,000 applicants, followed by Tejarat Bank with $202m to 141,000 people in need.
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Publish Date:17/July/2023 | 22:55

Flawed Financing Model Makes SMEs Desperate for Loans

EghtesadOnline: The banking system must spend the lion’s share of its resources on granting long-term loans to large enterprises, because of which small- and medium-sized enterprises (SMEs), as well as households, have fewer opportunities to take out small loans.
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Publish Date:04/July/2023 | 22:26

$1b Paid in Collateral-Free Loans

EghtesadOnline: Collateral-free loans are given to salaried workers and retirees struggling with the worsening cost of living crisis and galloping inflation – a troubling phenomenon now seen across continents including in the rich countries.
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Publish Date:19/February/2023 | 22:01

Collateral-Free Loans Reach $1.26 Billion

EghtesadOnline: According to ministry data, Bank Sepah was the leading provider of such loans with 138.4 trillion rials ($392 million) to an estimated 477,000 applicants, accounting for 21% of the total Collateral-Free Loans Reach $1.26 BillionCollateral-Free Loans Reach $1.26 Billion.
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Publish Date:18/December/2022 | 21:31

Loans to the Hard Up Rise 

EghtesdaOnline:To help encourage early marriage, lenders are required to grant 1.5 billion rials per partner if the bride is below 23 years and the groom under 25.
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Publish Date:17/December/2022 | 21:42

Subsidized Loans Continue to Low-Income Individuals

EghtesadOnline: Since the beginning of the calendar year in late March banks and credit institutions gave 1,080 trillion rials ($3.22 billion) loans to low-income people , namely to bolster youth marriage and childbirth and support citizens wanting to rent a home.
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Publish Date:02/November/2022 | 22:07