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 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.
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 Nairobi Stock Exchange, 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.
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% and see Equity Group Holdings Limited end its seven-year investment in Housing Finance.
Address
Rehani House,
Kenyatta Avenue / Koinange Street,
Nairobi,
Kenya
Website
https://www.hfgroup.co.ke/