Iranian bank discloses details of loans allocated to quake-hit areas
Baku, Azerbaijan, Jan. 13
By Khalid Kazimov – Trend:
Bank Saderat Iran has allocated 100 billion rials (about $2.7 million at official rate) in loan to those suffered from a strong earthquake in western Iran last year.
The public relations office of the bank announced that the loans were allocated for repairing residential and commercial units hit by a 7.2 magnitude quake that killed more than 600 people in Kermanshah province last November.
According to the announcement the loans for repair of 1150 units was allocated within 55 days after the quake.
The announcement added that the residential units in urban areas received up to 400 million rials ($11,000) and 300 million rials (about $8,200) in rural areas.