Banks are obliged to pay 20% of their facilities to the housing sector
Mohammad Sheikh Hosseini, on the sidelines of the signing ceremony of the joint memorandum of cooperation for the renovation and improvement of worn-out structures in Tehran between the Ministry of Cooperation and Tehran Municipality, saidWego With Iran Economist, he said: Cooperative Development Bank as Specialized for the cooperative sector has been launched, but according to the government’s approval, like other banks in the country, it must pay 20% of its facilities to the housing sector with priority to housing cooperatives.
He said: This facility is paid from the funds of the National Housing Jump Plan, the MOU facilities are paid from the funds of the National Development Fund, as well as the funds of Clause A of Note 18 of the Budget Law.
The head of the Cooperative Housing Bank said: 450 million Tomans per residential unit in Tehran will be paid with a 10-year repayment for the memorandums and a 20-year repayment for the national housing leap project. Of course, all banks are required to pay 20% of their loans to the housing sector.
Sheikh Hosseini also said: the facilities of the Cooperative Development Bank this year have grown by 60% compared to the previous year, more than 70% of the facilities have been paid to the cooperative, and 90% of the share of this bank has been paid in Note 18.
He added: 90 percent of the bank’s tasks to pay facilities to support institutions such as the relief committee, welfare and the Shahid Foundation have also been fulfilled.
Supervisor of Cooperative Development Bank regarding loan payment Marriage And having children He said: This year, 350 billion tomans in marriage loans and 330 billion tomans in loans having children We have paid.
Regarding the capital increase of the Cooperative Development Bank, he said: This year, one thousand billion tomans will be paid from row 3-1, paragraph a of note 18, and also 2 thousand billion tomans from place d, section 3 of note 18, and efforts will be made to absorb these amounts by the end of the year. To increase the bank’s capital to increase the lending power.
According to Fars report, on the second of December this year, a joint memorandum of cooperation for the renovation and improvement of worn-out structures in Tehran was signed in the presence of the Minister of Cooperation, Labor and Social Welfare and the Mayor of Tehran at the Ministry of Cooperation, Labor and Social Welfare.
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