Housing Finance Group of Kenya
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| Company 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) Robert Kibaara (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 | hfgroup |
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]
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.[clarification needed][2]
HFGK maintains the following subsidiaries:
- Housing Finance Company Limited (HFC Limited), a mortgage and retail bank[5]
- Housing Finance Development and Investment Limited (HFDI), a property development and real-estate investment company[5]
- Housing Finance Insurance Agency (HFIA), an insurance services company[5]
- 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[update], 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 | 19.43 |
| 2 | Equity Nominees Limited A/C 00104* | 13.10 |
| 3 | Britam Insurance Company (Kenya) Limited* | 9.34 |
| 4 | Britam Insurance Company (Kenya) Limited* | 6.66 |
| 5 | Standard Chartered Nominees | 44.06 |
| 6 | SCB A/C Pan African Unit Linked FD | 3.38 |
| 7 | Permanent Secretary Treasury of Kenya | 2.41 |
| 8 | Kenya Commercial Bank Nominees Limited A/C 915B | 1.12 |
| 9 | Standard Chartered Nominees Resd A/C KE11450 | 1.12 |
| 10 | Kenya Commercial Bank Nominees Ltd. A/C 915A | 1.12 |
| 11 | Other institutional and private investors | 38.26 |
| Total | 100.00 | |
* Britam Holdings Limited's direct and indirect shareholding in Housing Finance is 48.53%.
