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词条 Housing Finance Company of Kenya
释义

  1. Overview

  2. History

  3. Ownership

  4. Branch network

  5. Governance

  6. See also

  7. References

  8. External links

{{not confuse|Housing Finance Group of Kenya.}}{{EngvarB|date=May 2013}}{{Use dmy dates|date=May 2013}}{{Infobox company
| name = HF Group
| logo =
| type = Public
| foundation = {{Start date and years ago|1965|11|18|df=y}}
| location = Nairobi, Kenya
| key_people = Steve Mainda
Chairman
Frank Ireri
Managing Director
| industry = Mortgage Banking
| products = Loans, Checking, Savings, Investments, Mortgages
| revenue = {{Profit}}Aftertax:US$11.7+ million (KES:995.2 million) (2013)[1]
| assets = US$548.4 million (KES:47.4 billion) (2013)
| num_employees =
| homepage = Homepage
|traded_as = {{KN|HFCK}}}}HF Group, whose official name is Housing Finance Company Limited (HFC Limited), but is commonly referred to as Housing Finance, is a mortgage finance provider in Kenya, the largest economy in the East African Community. The company is the only mortgage company regulated by the Central Bank of Kenya, the central bank and national banking regulator.[2]

Overview

Housing Finance Limited is a large mortgage finance company, serving the mortgage needs of the Kenyan population. {{asof|December 2013}}, the company's total assets were valued at approximately US$548.4 million (KES:47.4 billion), with shareholders' equity of about US$67.8 million (KES:5.86 billion).[3] At that time, the institution was ranked number 17, by assets, out of the 43 licensed banks and mortgage finance companies in Kenya, then.[4] Shares of the stock of the holding company of this mortgage bank (Housing Finance Group of Kenya), are listed on the Nairobi Stock Exchange (NSE), where they trade under the symbol HFCK.[5]

History

The company was established in November 1965, to promote a savings culture and home ownership among the citizens of newly independent Kenya. Major investors in the company included the Commonwealth Development Corporation (CDC), whose shareholding at one time was as high as 60%, and the Government of Kenya, which at one time owned 50% of the company. CDC has since divested from Housing Finance Limited and the Kenyan Government has substantially reduced its shareholding.

In 1992 Housing Finance Company of Kenya became listed on the Nairobi Stock Exchange, where it trades under the symbol HFCK. The company adopted the shorter name of Housing Finance Limited, in 2002. In 2010, the Central Bank of Kenya, authorized HFL to issue and operate checking accounts; having been authorized to issue and operate savings accounts in the past.[6]

On June 30, 2014, British-American Investments Company (the second largest shareholder in HFCK) served the Housing Finance's board with a takeover notice to acquire Equity Group Holdings Limited's 24.76% shareholding in the mortgage financier. A move that would increase Britam's stake to 46.08%[7] and see Equity Group Holdings Limited end its seven-year investment in Housing Finance.[8][9]

In December 2014, HFCK commenced a restructure of its operations. The restructure involved the following:[10]

  • The Incorporation of a new wholly owned subsidiary under the name “HFC Limited”.
  • The transfer of the company's banking and mortgage finance business to its newly incorporated subsidiary, HFC Limited.
  • The changing of the company's name to “HF Group Limited” and operating as a non-operating holding company. This is in accordance with the CBK Banking Act and Prudential Guidelines.[11]

Ownership

Housing Finance Company of Kenya is a wholly owned subsidiary of Housing Finance Group Limited, a non-operating holding company, whose shares trade on the Nairobi Stock Exchange.[11]

Branch network

The company maintains branches at the following locations:[12]

  1. Rehani Branch - Rehani House, Kenyatta Avenue at Koinange Street, Nairobi
  2. Gill House Branch - Gill House, Moi Avenue, Nairobi
  3. Maserah House Branch - Maserah House, Kenyatta Market, Nairobi
  4. Buru Buru Branch - Epren Centre, Buru Buru, Nairobi
  5. Mombasa Branch - Permanent House, Moi Avenue, Mombasa
  6. Nakuru Branch - AFC Building, Geoffrey Kamau Way, Nakuru
  7. Nyeri Branch - Kimathi Way, Nyeri
  8. Eldoret Branch -KVDA Plaza, Oloo Street at Utalii Street, Eldoret
  9. Kisumu Branch - Tivoli Centre, Court Road, Kisumu
  10. Thika Branch - Uhuru Street, Thika
  11. Meru Branch - Westwind Annex Plaza, Tom Mboya Street, Meru
  12. Kitengela Branch - Red Heron Centre, Kitengela
  13. Ongata Rongai Branch - Maasai Mall, Ongata Rongai
  14. Nyali Branch - Nyali Centre, Links Road, Nyali.

Governance

Steve Mainda, one of the non-executive directors, is the Chairman of the board of directors. Frank Ireri is the managing director of Housing Finance.[13]

See also

  • Equity Group Holdings Limited
  • British-American Investments Company
  • Central Bank of Kenya
  • Economy of Kenya

References

1. ^{{cite web|url=http://www.businessdailyafrica.com/Corporate-News/Housing-Finance-posts-33-9pc-growth-in-net-profit/-/539550/2212640/-/j77ver/-/index.html|title=Housing Finance Posts 33.9% Growth In Net Profit|first= George|last=Ngigi|date=19 February 2014|accessdate=7 August 2014|newspaper=Business Daily Africa (Nairobi)}}
2. ^{{cite web|accessdate=31 October 2017 | location=Nairobi | url=https://www.centralbank.go.ke/commercial-banks/shareholding-information/|date=31 October 2017 |publisher=Central Bank of Kenya (CBK) |author=CBK |title=Central Bank of Kenya: Commercial Banks & Mortgage Finance Shareholding Information: Institutions with Government Participation}}
3. ^{{cite web|format=PDF|first=.|last=HFCK| url=http://www.housing.co.ke/images/pdf/AnnualReport2013.pdf|publisher=Housing Finance Company of Kenya (HFCK)|title=Audited 31 December 2013 Annual Report And Financial Statements|date=March 2014|accessdate=7 August 2014}}
4. ^{{cite web|accessdate=7 August 2014| url=http://www.bankelele.co.ke/2014/04/kenya-bank-rankings-2013-part-i.html|title=Kenya Bank Rankings By Assets In 2013| last=Bankelele | publisher=Bankelele.Co.Ke| date=28 April 2014}}
5. ^{{cite web|date=16 January 2017 | url=https://live.mystocks.co.ke/stock=HFCK|title=HF Group Limited (HFCK): Brief Company Profile | location=Nairobi |accessdate=31 October 2017 |publisher=Mystocks.co.ke (My Stocks Kenya) | author=My Stocks Kenya}}
6. ^{{cite web|url=http://www.standardmedia.co.ke/?articleID=2000086816&story_title=Kenya:%20A%20history%20of%20missed%20opportunities%20housing%20Kenyans|title=A History of Missed Opportunities Housing Kenyans|first=Peter|last=Muiruri|date=26 June 2013| accessdate=7 August 2014|newspaper=The Standard (Nairobi)}}
7. ^{{Cite web|url = http://www.rich.co.ke/media/docs/Britam%20-%20Public%20Announcement.pdf|title = Proposed Acquisition by British-American Investments Company (Kenya) Limited of 57,270,000 Ordinary Shares of Housing Finance Company of Kenya Limited owned By Equity Bank Limited under a private transaction|date = July 1, 2014|accessdate = November 12, 2014|website = Rich Management |publisher = British-American Investments Company Limited|last = |first = }}
8. ^{{Cite news|url=http://www.businessdailyafrica.com/Corporate-News/-Equity-keeps-rivals-guessing-as-it-exits-Housing-Finance-/-/539550/2367584/-/103dldtz/-/index.html|title=Equity keeps rivals guessing with sale of Sh2b HF stake|work=Business Daily|access-date=2017-08-23|language=en-UK}}
9. ^{{Cite news|url=http://www.businessdailyafrica.com/Equity-sale-of-HF-stake-to-Britam-lifts-firms--share-prices/-/539552/2368568/-/7cioe8z/-/index.html|title=Equity sale of HF stake to Britam lifts firms’ share prices|work=Business Daily|access-date=2017-08-23|language=en-UK}}
10. ^{{cite web|date=11 November 2014|url=http://www.housing.co.ke/images/pdf/Project%20Hanover%20-%20Circular%20to%20Shareholders%205%20Nov%202014%20CLEAN%20final.pdf|title = Housing Finance Company of Kenya - Circular to shareholders: Proposed incorporation of a wholly-owned subsidiary and Proposed transfer of the Company’s mortgage finance business to that subsidiary|accessdate=15 June 2016|publisher = Housing Finance Company of Kenya (HFCK)| last =HFCK}}
11. ^{{cite web| newspaper=Business Daily Africa |url=http://www.businessdailyafrica.com/Mortgage-firm-Housing-Finance-set-to-form-holding-unit-/-/539552/2520312/-/pu3t85/-/index.html |last=Mwaniki |title=Mortgage firm Housing Finance set to form holding unit | date=12 November 2014 |accessdate=31 October 2017 |location=Nairobi|first=Charles}}
12. ^{{cite web| url=http://www.housing.co.ke/index.php?option=com_content&view=article&id=108&Itemid=222|title=The Branches of Housing Finance Company of Kenya|first=.|last=HFCK|accessdate=7 August 2014|date=|publisher=Housing Finance Company of Kenya (HFCK)}}
13. ^{{cite web|publisher=Thomson Reuters|url=https://www.reuters.com/finance/stocks/companyOfficers?symbol=HFCK.NR|title=Key People At Housing Finance Company of Kenya Limited|date=|accessdate=7 August 2014|first=.|last=People}}

External links

  • Website of Housing Finance Company of Kenya
{{Banking in Kenya}}{{Nairobi}}

6 : Financial services companies of Kenya|Housing finance companies|Companies based in Nairobi|Financial services companies established in 1965|1965 establishments in Kenya|Companies listed on the Nairobi Stock Exchange

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