Housing Finance Group of Kenya

Housing Finance Group of Kenya (HFGK), also Housing Finance Group Limited (HFGL), is a financial services holding company based in Kenya. HFGK maintains its headquarters in Nairobi, the capital and largest city, with subsidiaries and branches in major urban centers in the country.[2]

Not to be confused with Housing Finance Company of Kenya.

Housing Finance Group of Kenya
TypePublic Company
KN: HFCK
IndustryBanking and Finance
PredecessorHousing Finance Limited
FoundedAugust 3, 2015 (2015-08-03)[1]
Headquarters
Nairobi, Kenya
Key people
Steve Mainda
Group Chairman
Robert Kibaara
Group CEO
ProductsLoans, mortgages, investments, debit cards, credit cards, insurance and philanthropy
RevenueAftertax: KES:905.83 million (US$8.88 million) (2016)[1]
Total assetsKES:71.93 billion (US$705.11 million) (2016)[1]
Websitehfgroup.co.ke

Location

The company headquarters are located in Rehani House, long Koinange Street, at the corner with Kenyatta Avenue, in Nairobi, Kenya's capital and largest city.[3] The geographical coordinates of the company headquarters are:01°17'06.4"S, 36°49'10.0"E (Latitude:-1.285111; Longitude:36.819444).[4]

Overview

Housing Finance Group of Kenya, is a non-operating financial services holding company, established in 2015 to comply with the country's banking laws. The changes are also in anticipation of expanding operations outside Kenya.[2] HFGK maintains the following subsidiaries: (1) Housing Finance Company Limited (HFC Limited), is a mortgage and retail bank.[5] (2) Housing Finance Development and Investment Limited (HFDI), is a property development and real-estate investment company.[5] (3) Housing Finance Insurance Agency (HFIA), an insurance services company.[5] and (4) Housing Finance Foundation (HFF), an investment company specializing in installment purchase and lease finance for businesses and individuals.[5]

As of December 2016, the Group's total assets were valued at KES:71.93 billion (US$705.11 million), with shareholders' equity of KES:11.29 billion (US$110.67 million)[1]

Ownership

As of December 2016, the major shareholders in the stock of the holding company were as listed in the table below:[1]

Housing Finance Group of Kenya Stock Ownership
RankName of OwnerPercentage Ownership
1Britam Holdings Limited* of Kenya19.43
2Equity Nominees Limited A/C 00104*13.10
3Britam Insurance Company (Kenya) Limited*9.34
4Britam Insurance Company (Kenya) Limited*6.66
5Standard Chartered Nominees44.06
6SCB A/C Pan African Unit Linked FD3.38
7Permanent Secretary Treasury of Kenya2.41
8Kenya Commercial Bank Nominees Limited A/C 915B1.12
9Standard Chartered Nominees Resd A/C KE114501.12
10Kenya Commercial Bank Nominees Ltd. A/C 915A1.12
11Other institutional and private investors38.26
Total100.00

* Britam Holdings Limited's direct and indirect shareholding in Housing Finance 48.53%.

See also

References
  1. HFGK (27 February 2017). "Housing Finance Group of Kenya: 2016 Annual Report" (PDF). Nairobi: Housing Finance Group of Kenya (HFGK). Retrieved 31 October 2017.
  2. Mwaniki, Charles (12 November 2014). "Mortgage firm Housing Finance set to form holding unit". Business Daily Africa. Nairobi. Retrieved 31 October 2017.
  3. HFGK (31 October 2017). "Housing Finance Group of Kenya: Contact Us". Nairobi: Housing Finance Group of Kenya (HFGK). Retrieved 31 October 2017.
  4. Google (31 October 2017). "Location of the Headquarters of Housing Finance Group of Kenya" (Map). Google Maps. Google. Retrieved 31 October 2017.
  5. My Stocks Kenya (16 January 2017). "HF Group Limited (HFCK): Brief Company Profile". Nairobi: Mystocks.co.ke (My Stocks Kenya). Retrieved 31 October 2017.

01°17′06.4″S 36°49′10″E

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