Housing Finance has posted a 7% drop in its profit before tax last year to 907 million. MD Frank Ireri says this was mainly due to a difficult operating environment of high interest rates that discouraged mortgage uptake and funding pressures. He says business growth this year will depend on the elections, land reforms, inflation trends among others.
The Star (Nairobi)
Kenya: Housing Finance Drops in ProfitsBy Joan Wairimu, 20 February 2013
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