Loading

  • 21 Aug, 2019

  • By, Wikipedia

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.

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. The geographical coordinates of the company headquarters are:01°17'06.4"S, 36°49'10.0"E (Latitude:-1.285111; Longitude:36.819444).

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. HFGK maintains the following subsidiaries: (1) Housing Finance Company Limited (HFC Limited), is a mortgage and retail bank. (2) Housing Finance Development and Investment Limited (HFDI), is a property development and real-estate investment company. (3) Housing Finance Insurance Agency (HFIA), an insurance services company. and (4) Housing Finance Foundation (HFF), an investment company specializing in installment purchase and lease finance for businesses and individuals.

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)

Ownership

As of December 2016, the major shareholders in the stock of the holding company were as listed in the table below:

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. ^ 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. ^ 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. ^ 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

Retrieved from "https://en.wikipedia.org/w/index.php?title=Housing_Finance_Group_of_Kenya&oldid=1102915533"