The Star (Nairobi)

Kenya: Housing Finance Drops in Profits

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.

Ads by Google

Copyright © 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.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.