From left: Housing Finance Group Head of Personal Banking Jane Imana, Group CEO Robert Kibaara and Director Legal and Company Secretary Regina Anyika during the release of the company's Financial Results for Quarter one, 2022 at Rehani House, Nairobi. [Courtesy]Housing Finance (HF) Group posted a Sh34.2 million net profit in the first quarter of this year, bouncing back from a loss of Sh191.8 million in a similar period last year. The profit was on the back of growth in non-funded income — fees and commissions — which grew 87 per cent to Sh252.7 million. Net interest income also rose 10 per cent to hit Sh520.1 million, while total operating income grew by 27 per cent to Sh772.8 million. All the group’s operating subsidiaries record a profit during the period under review.

Source: Standard Digital May 11, 2022 00:00 UTC