Housing Finance Company of Kenya
| Public | |
| Traded as | KN: |
| Industry | Mortgage Banking |
| Founded | 18 November 1965 |
| Headquarters | Nairobi, Kenya |
|
Key people
|
Steve Mainda Chairman Frank Ireri Managing Director |
| Products | Loans, Checking, Savings, Investments, Mortgages |
| Revenue |
 Aftertax:US$11.7+ million (KES:995.2 million) (2013) |
| Total assets | US$548.4 million (KES:47.4 billion) (2013) |
| Website | Homepage |
Housing Finance Company of Kenya (HFCK), whose official name is Housing Finance Company Limited (HFC Limited), but is commonly referred to as Housing Finance, is a mortgage finance provider in Kenya, the largest economy in the East African Community. The company is the only mortgage company regulated by the Central Bank of Kenya, the central bank and national banking regulator.
Housing Finance Limited is a large mortgage finance company, serving the mortgage needs of the Kenyan population. As of December 2013[update], the company's total assets were valued at approximately US$548.4 million (KES:47.4 billion), with shareholders' equity of about US$67.8 million (KES:5.86 billion). At that time, the institution was ranked number 17, by assets, out of the 43 licensed banks and mortgage finance companies in Kenya, then. Shares of the of the holding company of this mortgage bank (Housing Finance Group of Kenya), are listed on the (NSE), where they trade under the symbol HFCK.
The company was established in November 1965, to promote a savings culture and home ownership among the citizens of newly independent Kenya. Major investors in the company included the Commonwealth Development Corporation (CDC), whose shareholding at one time was as high as 60%, and the Government of Kenya, which at one time owned 50% of the company. CDC has since divested from Housing Finance Limited and the Kenyan Government has substantially reduced its shareholding.
In 1992 Housing Finance Company of Kenya became listed on the , where it trades under the symbol HFCK. The company adopted the shorter name of Housing Finance Limited, in 2002. In 2010, the Central Bank of Kenya, authorized HFL to issue and operate checking accounts; having been authorized to issue and operate savings accounts in the past.
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