July 30, 2014 6:51 AM ET

Thrifts and Mortgage Finance

Company Overview of Housing Finance Company of Kenya Ltd.

Company Overview

Housing Finance Company of Kenya Limited is engaged in the in mortgage lending business in Kenya. It operates through the Retail and Corporate segments. The company offers various savings products, including treasure, Daraja, 1st Hop, crossover, trust relief, and subscription bond accounts; transactional accounts; and investment accounts comprising call accounts, housing development bonds, fixed term deposits, and hybrid fixed term deposits. It also provides mortgage products that primarily consist of home owners’ mortgages, cyclical mortgage, home freedom mortgages, and employers sponsored schemes; and construction/project finance, such as single dwelling and multi development, and property...

Rehani House

Kenyatta Avenue

Koinange Street

PO Box 30088

Nairobi,  00100

Kenya

Founded in 1965

Phone:

254 20 317474

Fax:

254 20 340299

Key Executives for Housing Finance Company of Kenya Ltd.

Housing Finance Company of Kenya Ltd. does not have any Key Executives recorded.

Housing Finance Company of Kenya Ltd. Key Developments

Housing Finance Reports Earnings Results for the Third Quarter of 2013

Housing Finance reported earnings results for the third quarter of 2013. For the period, the company has posted a 58% rise in profit before tax of 894.7 million during the third quarter of 2013 up from KES 563.6 million, recorded in a similar period in 2012. Total operating income increased by 41% to KES 2.2 billion compared to KES 1.56 billion posted during a similar period in 2012.

Housing Finance To Raise Funds

Housing Finance Company of Kenya Ltd. intends to raise more funds in the second half of 2013. Housing Finance Company said that it would finalize plans for more funding in the next few months. Chief Executive Officer, Frank Ireri, told the Reuters Africa Investment Summit, "We will be looking to raise more money. Either we will do it locally or offshore or both." Ireri did not disclose how much Housing Finance was planning to raise.

Housing Finance Company of Kenya Ltd., Annual General Meeting, Apr 26, 2013

Housing Finance Company of Kenya Ltd., Annual General Meeting, Apr 26, 2013., at 11:00 E. Africa Standard Time. Location: Bomas of Kenya Auditorium. Agenda: To table the proxies and note the presence of a quorum; to read the notice convening the meeting; to receive and, if approved, adopt the audited balance sheet and accounts for the year ended December 31, 2012, together with the chairman's, the directors' and auditor's reports thereon; to declare a final dividend of KES 0.70 per share for the financial year ended December 31, 2012 and approve the closure of the register of members at the close of business on May 17, 2013; to elect directors; to consider intention to move a resolution that Prof Shem Migot-Adholla who has attained the age of 70 years be re-elected as a director of the company; to approve the directors remuneration and company medical scheme benefit; and to note that the auditors, KPMG Kenya, will continue in office in accordance with Section 159(2) of the Companies Act (Cap 486) and Section 24(1) of the Banking Act (Cap 488) and to authorize the Directors to fix their remuneration.

Similar Private Companies By Industry

Company Name Region
Shelter Afrique Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 1, 2014
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