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Integrated property services provider, Housing Finance , has posted a Group profit before tax of kshs 315.97 million in the first quarter of 2014, representing a 13 percent growth.

The Group’s profit after tax increased to kshs 221.18 up from kshs 195.63 million registered during a similar period in 2013.

Despite a difficult trading environment characterized by high cost of funds, loans and advances to customers increased by Kshs 5.55 billion to Kshs 37.24 billion up from Kshs 31.69 billion.

Despite a drop in interest rates from 18 percent to 16 percent during the period under review, HF maintained a steady growth in its interest income due to increased loan disbursements. Total interest income increased to kshs 1.43 billion up from kshs 1.35 billion as a result of growing the loan book.

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March 19 2014 …. Integrated financial services provider, Housing Finance Group has unveiled over 50home construction designs aimed at delivering access to quality and affordable housing to the middle and lower end of the market.

The designs marketed under Makao, will offer a seamless end-to-end building solution involving consortia of building professionals and Housing Finance.

The consortium of professionals will include a team of architects, project managers, quantity surveyors, legal advisers, civil and service engineers and contractors.

Housing Finance Group, Chief Executive Officer, Mr. Frank Ireri speaking during the launch noted that the demand for housing in Kenya is high driven by the growing population and rapid urbanisation. Additionally, Mr. Ireri noted supply of affordable units ’falls short of demand, a situation that has been exacerbated by inadequate supply of affordable stock of housing units. Above all, the growth in middle income brackets has created a huge demand not sufficiently met

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EADB signs Kshs620 million credit facility with Housing Finance

February 20th 2014 …East African Development Bank (EADB) has today signed a Kshs620 million credit facility with integrated financial services provider, Housing Finance

The credit facility will be used to finance the construction of Kahawa Downs development Estate in Kahawa, Kiambu County.

 

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Housing Finance subsidiaries register growth as profit rises by 63 percent

February 19, 2014… Integrated financial services provider, Housing Finance Group ongoing business diversification strategy has boosted growth with the firm registering a 63 percent rise in profit before tax for the full year ended 2013.

 

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Housing Finance has developed a mobile application that helps you calculate your repayments as well as provide you with scenarios on repayments all on your mobile phone.

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There are several products you can use to own your own home depending on which stage you are at in your life.
We have developed a variety of house design types for you to choose from, like the Kilimanjaro, Serengeti, Amboseli etc.

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Head Office: Rehani House
Kenyatta Avenue / Koinange Street
PO Box 30088 – 00100 GPO
+254-20-317474, 2221101.