Mortgage financier HF Group wants to sell its head office building in Nairobi, convert some loans to equity and pursue defaulters in a bid to boost its capital levels.
Housing Finance Group posted a Sh34.2 million net profit in the first quarter of this year, bouncing back from a loss of Sh191.8 million in a similar period last year.
THE STANDARD
FINANCIAL STANDARD
HF Group Chief Executive Officer Robert Kibaara,during interview [Edward Kiplimo,Standard]
A sliced birthday cake is placed on a broad table in a boardroom on the second floor of Rehani House that houses Housing Finance’s (HF) headquarters.
It is Chief Executive Robert Kibaara’s birthday, and it is only befitting that he makes a wish on his big day.
“When I will be having my birthday in the next two to three years, I want this company to be a successful, full-service and digitally inclined bank,” Kibaara told Financial Standard last week.
It has been a long journey to the top for the man who now runs a firm with an asset base of Sh56.4 billion, having started off as a teller at a Barclays Bank (now Absa) branch in Narok some 25 years ago.