around the time of its inauguration The main predecessor entity of Bank Maskan was
Bank Rahni Iran (), a specialized credit institution that was spun off from
Bank Melli Iran in 1938. 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. 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. Mahmood Shayan () was appointed chief executive officer of Bank Maskan in August 2020. ==Structure==