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 Profits
By Joan Wairimu, 20 February 2013Copyright © 2013 The Star. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
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