This archive report was first published on 30 August 2019.
Housing Finance released its half-year results for the period ending June 2019, revealing a net loss of KSh97 million.
This decline is stark compared to the KSh6.8 million net profit recorded in the first half of 2018.
Investments in government securities increased by 5.4% to KSh 4.25 billion, while loans and advances to customers decreased by 15% to KSh 40.30 billion.
Customer deposits also reduced by 6.5% to KSh 33.83 billion, and net interest income dropped by 23.52% to KSh 1.027 billion.
