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]
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]
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]
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 48.53%.