housing finance company of kenya type public traded as kn hfck industry mortgage banking founded 18 november 1965 ; 50 years ago 1965 11 18 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 1 total assets us 548.4 million kes 47.4 billion 2013 website homepage housing finance company of kenya hfck 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 . 2 contents 1 overview 2 history 3 ownership 4 branch network 5 governance 6 see also 7 references 8 external links overview edit 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 . 3 at that time the institution was ranked number 17 by assets out of the 43 licensed banks and mortgage finance companies in kenya then . 4 shares of the stock of housing finance are listed on the nairobi stock exchange nse where they trade under the symbol hfck . history edit 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 . 5 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 % 6 and see equity group holdings limited end its seven year investment in housing finance . 7 8 in december 2014 hfck commenced a restructure of its operations . the restructure involved the following 9 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 . ownership edit as of december 2014 update the major shareholders in the stock of the mortgage company were as listed in the table below 10 housing finance limited stock ownership rank name of owner percentage ownership 1 british american insurance company 33.68 2 equity nominees limited a c 00104 12.35 3 national social security fund 6.80 4 scb a c pan african unit linked fd 3.93 5 government of kenya 3.64 6 jubilee insurance company of kenya limited 1.09 7 bai company mauritius limited 0.94 8 institutional and individual investors on the nse 37.57 total 100.00 note 11 equity nominees limited a c 00104 is held on behalf of british american insurance company . british american insurance company is a wholly owned subsidiary of british american investments company . by virtue of indirect control britam had a 46.03 % stake in hfck as at december 31 2014 . bai company mauritius limited and british american investments company have a common shareholder . branch network edit the company maintains branches at the following locations 12 rehani branch rehani house kenyatta avenue at koinange street nairobi gill house branch gill house moi avenue nairobi maserah house branch maserah house kenyatta market nairobi buru buru branch epren centre buru buru nairobi mombasa branch permanent house moi avenue mombasa nakuru branch afc building geoffrey kamau way nakuru nyeri branch kimathi way nyeri eldoret branch kvda plaza oloo street at utalii street eldoret kisumu branch tivoli centre court road kisumu thika branch uhuru street thika meru branch westwind annex plaza tom mboya street meru kitengela branch red heron centre kitengela ongata rongai branch maasai mall ongata rongai nyali branch nyali centre links road nyali . governance edit steve mainda one of the non executive directors is the chairman of the board of directors . frank ireri is the managing director of housing finance . 13 see also edit equity group holdings limited british american investments company central bank of kenya economy of kenya references edit ngigi george 19 february 2014 . housing finance posts 33.9 % growth in net profit . business daily africa nairobi . retrieved 7 august 2014 . cbk . directory of commercial banks and mortgage finance companies pdf . central bank of kenya cbk . retrieved 7 august 2014 . hfck . march 2014 . audited 31 december 2013 annual report and financial statements pdf . housing finance company of kenya hfck . retrieved 7 august 2014 . bankelele . 28 april 2014 . kenya bank rankings by assets in 2013 . bankelele.co.ke . retrieved 7 august 2014 . muiruri peter 26 june 2013 . a history of missed opportunities housing kenyans . the standard nairobi . retrieved 7 august 2014 . proposed acquisition by british american investments company kenya limited of 57 270 000 ordinary shares of housing finance company of kenya limited owned by equity bank limited under a private transaction pdf . rich management www.rich.co.ke . british american investments company limited . july 1 2014 . retrieved november 12 2014 . equity keeps rivals guessing as it exits housing finance equity sale of hf stake to britam lifts firms share prices hfck 11 november 2014 . housing finance company of kenya circular to shareholders proposed incorporation of a wholly owned subsidiary and proposed transfer of the company s mortgage finance business to that subsidiary pdf . housing finance company of kenya hfck . retrieved 15 june 2016 . hfck 2015 01 31 . housing finance rights issue information memorandum 2015 pdf . housing finance . retrieved 2015 02 21 . proposed acquisition by british american investments company kenya limited of 57 270 000 ordinary shares of housing finance company of kenya limited owned by equity bank limited under a private transaction pdf . rich management www.rich.co.ke . british american investments company limited . july 1 2014 . retrieved november 12 2014 . hfck . the branches of housing finance company of kenya . housing finance company of kenya hfck . retrieved 7 august 2014 . people . key people at housing finance company of kenya limited . thomson reuters . retrieved 7 august 2014 . external links edit website of housing finance company of kenya v t e banks of kenya central bank central bank of kenya commercial bank african banking corporation bank of africa barclays bank bank of baroda bank of india cfc stanbic bank chase bank citibank na kenya commercial bank of africa consolidated bank of kenya cooperative bank of kenya credit bank development bank of kenya diamond trust bank east african development bank ecobank kenya equity bank family bank fidelitybank first community bank giro commercial bank guaranty trust bank kenya guardian bank gulf african bank habib bank habib bank ag zurich housing finance company of kenya i & m bank limited imperial bank limited jamii bora bank kenya commercial bank middle east bank kenya m oriental bank national bank of kenya nic bank paramount universal bank post bank prime bank sidian bank spire bank standard chartered kenya trans national bank kenya united bank for africa victoria commercial bank financial services organization diamond trust bank group equity group holdings limited commercial bank of africa group guaranty trust bank east africa i & m bank group kenya commercial bank group nic bank group foreign banks bank of china bank of kigali hdfc bank nedbank the hongkong and shanghai banking corporation first rand defunct banks dubai bank kenya euro bank microfinance institutions faulu microfinance bank limited smep microfinance bank kenya women microfinance bank related topics automated teller machine atm atm usage fees de materialisation demat foreign exchange forex financial services real time gross settlement rtgs national electronic fund transfer neft structured financial messaging system sfms v t e subdivisions of nairobi kenya neighbourhoods huruma mathare ngara dandora embakasi gigiri kariobangi karen kibera korogocho lang ata eastleigh highridge lavington parklands county divisions central dagoretti embakasi kasarani kibera makadara pumwani westlands retrieved from https en.wikipedia.org w index.php title housing finance company of kenya & oldid 725399530 categories companies of kenyacompanies listed on the nairobi stock exchange1965 establishments in kenyacompanies established in 1965economy of kenyahousing finance companieshidden categories engvarb from may 2013use dmy dates from may 2013articles containing potentially dated statements from december 2013all articles containing potentially dated statementsarticles containing potentially dated statements from december 2014 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom 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