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HOUSING FINANCE COMPANY OF KENYA
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HOUSING FINANCE COMPANY OF KENYA

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HF Group, 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 company is the only mortgage company regulated by the Central Bank of Kenya. Housing Finance Limited is a large mortgage finance company, serving the mortgage needs of the Kenyan population. The company was founded in November 1965, to promote a savings culture and home ownership among the citizens of 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.
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.
On June 30, 2014, British-American Investments Company (the second largest shareholder in HFCK) served the Housing Finance’s board with a takeover notice to acquire Equity Group Holdings Limited’s 24.76% shareholding in the mortgage financier. A move that would increase Britam’s stake to 46.08% a
In December 2014, HFCK commenced a restructure of its operations to involve the following;
The Incorporation of a new wholly owned subsidiary under the name “HFC Limited”, the transfer of the company’s banking and mortgage finance business to its newly incorporated subsidiary, HFC Limited, the changing of the company’s name to “HF Group Limited” and operating as a non-operating holding company. This is in accordance with the CBK Banking Act and Prudential Guidelines.

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0709 438 888
housing@housing.co.ke
www.hfgroup.co.ke
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