Housing Finance Group of Kenya

Not to be confused with Housing Finance Company of Kenya.

Housing Finance Group of Kenya
Company typePublic Company
KN: HFCK
IndustryBanking and Finance
PredecessorHousing Finance Limited
FoundedAugust 3, 2015; 9 years ago (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

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]

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
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 48.53%.

See also

References

  1. ^ a b c d e 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. ^ a b 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. ^ "Location of the Headquarters of Housing Finance Group of Kenya" (Map). Google Maps. Retrieved 31 October 2017.
  5. ^ a b c d 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 / 1.285111°S 36.81944°E / -1.285111; 36.81944