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]
| Type | Public Company |
|---|---|
| KN: HFCK | |
| Industry | Banking and Finance |
| Predecessor | Housing Finance Limited |
| Founded | August 3, 2015[1] |
| Headquarters | |
Key people | Steve Mainda Group Chairman Frank Ireri Group CEO |
| Products | Loans, mortgages, investments, debit cards, credit cards, insurance and philanthropy |
| Revenue | Aftertax: KES:905.83 million (US$8.88 million) (2016)[1] |
| Total assets | KES:71.93 billion (US$705.11 million) (2016)[1] |
| Website | Homepage |
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]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Britam Holdings Limited* of Kenya | |
| 2 | Equity Nominees Limited A/C 00104* | |
| 3 | Britam Insurance Company (Kenya) Limited* | |
| 4 | Britam Insurance Company (Kenya) Limited* | |
| 5 | Standard Chartered Nominees | |
| 6 | SCB A/C Pan African Unit Linked FD | |
| 7 | Permanent Secretary Treasury of Kenya | |
| 8 | Kenya Commercial Bank Nominees Limited A/C 915B | |
| 9 | Standard Chartered Nominees Resd A/C KE11450 | |
| 10 | Kenya Commercial Bank Nominees Ltd. A/C 915A | |
| 11 | Other institutional and private investors | |
| Total | ||
* Britam Holdings Limited's direct and indirect shareholding in Housing Finance 48.53%.
References
- HFGK (27 February 2017). "Housing Finance Group of Kenya: 2016 Annual Report" (PDF). Nairobi: Housing Finance Group of Kenya (HFGK). Retrieved 31 October 2017.
- Mwaniki, Charles (12 November 2014). "Mortgage firm Housing Finance set to form holding unit". Business Daily Africa. Nairobi. Retrieved 31 October 2017.
- HFGK (31 October 2017). "Housing Finance Group of Kenya: Contact Us". Nairobi: Housing Finance Group of Kenya (HFGK). Retrieved 31 October 2017.
- Google (31 October 2017). "Location of the Headquarters of Housing Finance Group of Kenya" (Map). Google Maps. Google. Retrieved 31 October 2017.
- My Stocks Kenya (16 January 2017). "HF Group Limited (HFCK): Brief Company Profile". Nairobi: Mystocks.co.ke (My Stocks Kenya). Retrieved 31 October 2017.
