(Last Updated On: October 31, 2014)
Kenya’s top mortgage company Housing Finance posted a 6.4 percent on growth in net profit for the first 9 months of 2014. The after tax profit rose from sh676 million to sh719 million. Interest income increased by 10.66 percent from sh1.97 billion to sh2.18 billion. Non-interest income grew by a much bigger percentage from sh233 million to sh692 million. The bank’s loan book grew by sh9.8 billion from sh33.5 billion to sh43.3 billion.