HF Group Limited (HFCK)

hfck

Company Overview;

Housing Finance Limited is a large mortgage finance company, serving the mortgage needs of the Kenyan population. In August 2015 the Company received approval from the Central Bank of Kenya (CBK) to establish a non-operating holding company and rebranded from Housing Finance to HF Group limited. The company also created a new subsidiary, HFC Limited which is licensed to carry on the business of mortgage finance as well as banking services under the Banking Act. The HF Group has 4 subsidiaries:

  • HFC Limited; Mortgage and Commercial Banking Solutions
  • HFDI; Property Development and Investment Solutions
  • HF Insurance Agency; Insurance Solutions
  • HF Foundation; Creating an Army of 1 Million Artisans

The company re-branded on 6th March 2002, from HFCK, with ‘The Rock of Kenya’ as its slogan to Housing Finance, ‘Turning dreams into homes’. The corporate colors changed from light blue and white to ORANGE (reflecting a new beginning’ radiance and optimism), WHITE (denoting the clear path to attaining ones dreams) and BLUE (reflecting on the strength of our heritage and success).

Shares of the stock of Housing Finance are listed on the Nairobi Securities Exchange (NSE), where they trade under the symbol HFCK.

 

Shares Issued:                     235.75M

Trading Year End:            December 31

 

HF Group Ltd. Ownership

 NameShareholding
1.British American Investment Company (Kenya) Ltd19.46%
2.Equity Nominees Limited A/C 0010413.11%
3.British American Insurance Company (Kenya) Ltd9.35%
4.British American Insurance Company (Kenya) Ltd6.67%
5.SCB A/C Pan African Unit Linked FD3.38%
6.Permanent Secretary Treasury2.41%
7.Board of Trustee NSSF2.25%
8.Standard Chartered Nominees Resd A/C KE114011.82%
9.Standard Chartered Nominees Resd A/C KE114501.13%
10.Kenya Commercial Bank Nominees Ltd A/C 915B1.13%
TOTAL60.71%

 

HF Group Ltd. Financials

  1H2016FY2015FY2014FY2013FY2012
1.Gross Income9,2697,2176,8085,353
Net Interest Income8,0986,3755,4405,069
Other Operating Income1,1718431,368284
2.Gross Profit2,1741,9701,7611,105
3.Expenses504551281198
4.Profit Before Taxes1,7541,4011,480908
5.Taxes557425480164
6. Profit After Taxes:1,197975995743
7.NPL Provision:
8.NPL Ratio (%):7.178.43
9.P/E:10.97.34.8
10.EPS:3.404.214.313.22
11.DPS:1.301.501.751.40