Bank Maskan (, Bānk-e Maskan), also known as the Housing Bank, is a bank in Iran. In 2008, the Central Bank banned all banks and other financial institutions, except for Maskan Bank, from providing residential mortgages.[2]
History
The main predecessor entity of Bank Maskan was Bank Rahni Iran (lit. 'Mortgage Bank of Iran'), a specialized credit institution that was spun off from Bank Melli Iran in 1938.[3] In 1956-1959, Bank Rahni erected a prominent central branch building on Ferdowsi Street in central Tehran, designed by architects Mohsen Foroughi and Keyghobad Zafar.[4]
In 1979 following the Iranian Revolution, Bank Maskan was formed by merging Bank Rahni with multiple other operations such as the Iranian Construction Investment Company, Cyrus Savings and Mortgage Companies, Ekbatan, Pasargad of Tehran, and Saving Companies of Mashhad, Tabriz, Shiraz, Isfahan, Ahvaz, Gilan, Hamedan, Kermanshah, Mazandaran, Gorgan, Semnan and Abadan.[5]