February 27, 2015 9:27 AM ET

Thrifts and Mortgage Finance

Company Overview of Housing Finance Company of Kenya Ltd.

Company Overview

Housing Finance Company of Kenya Limited is engaged in the in mortgage lending business in Kenya. It operates through the Retail and Corporate segments. The company offers various savings products, including treasure, Daraja, 1st Hop, crossover, trust relief, and subscription bond accounts; transactional accounts; and investment accounts comprising call accounts, housing development bonds, fixed term deposits, and hybrid fixed term deposits. It also provides mortgage products that primarily consist of home owners’ mortgages, cyclical mortgage, home freedom mortgages, and employers sponsored schemes; and construction/project finance, such as single dwelling and multi development, and property...

Rehani House

Kenyatta Avenue

Koinange Street

PO Box 30088

Nairobi,  00100

Kenya

Founded in 1965

Phone:

254 20 317474

Fax:

254 20 340299

Key Executives for Housing Finance Company of Kenya Ltd.

Housing Finance Company of Kenya Ltd. does not have any Key Executives recorded.

Housing Finance Company of Kenya Ltd. Key Developments

Housing Finance Company of Kenya Ltd. expected to report Fiscal Year 2014 results on February 27, 2015. This event was calculated by Capital IQ (Created on February 21, 2015).

Housing Finance Company of Kenya Ltd. expected to report Fiscal Year 2014 results on February 27, 2015. This event was calculated by Capital IQ (Created on February 21, 2015).

Housing Finance Company of Kenya Ltd. Reports Earnings Results for the Third Quarter of 2014

Housing Finance Company of Kenya Ltd. reported earnings results for the third quarter of 2014. For the period, the company reported that The group's after tax profit increased to KES 719.78 million up from KES 676.17 million representing a 6% growth. Interest income from loans and advances increased by 13% to KES 4.14 billion up from KES 3.66 billion during a similar period in 2013. This growth propelled total Interest income to KES 4.57 billion up from KES 4.10 billion in 2013.

Housing Finance Reports Earnings Results for the First Half of 2014

Housing Finance reported earnings results for the first half of 2014. For the period, the group’s total-interest income increased by 9% to KES 2.91 billion from KES 2.77 billion in 2012. The firm’s however posted an impressive 241% jump in total non-interest income to KES 506.29 million from KES 148.40 million as a result of contributions from its two key subsidiaries, Kenya Building Society and Housing Finance Insurance Agency.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 1, 2014
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