Bank Maskan
Iranian banking and financial services corporation
From Wikipedia, the free encyclopedia
Bank Maskan (Persian: بانک مسکن, 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]
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Native name | بانک مسکن |
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| Company type | State-owned enterprise |
| Industry | Banking, Financial services |
| Founded | 1938 |
| Headquarters | Tehran, Iran |
Area served | Iran |
Key people | Ali Khorsandian (CEO & Chairman) |
| Products | Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, wealth management, credit cards, |
Number of employees | 12,259 (2019)[1] |
| Website | Bank Maskan |
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]
Mahmood Shayan (محمود شایان) was appointed chief executive officer of Bank Maskan in August 2020.
