Kenyan Wall Street | by Miriam Wangui
The mortgage finance bank HF Group reported a KSh1.7 billion net loss for the year 2020, from KSh110 million net loss in 2019.
The bank’s net interest income fell 7.5% to KSh1.87 billion at the end of the year, from KSh2.02 billion in 2019. Non-interest income dipped 62% to KSh512 million from KSh1.35 billion recorded the previous year.
In January this year, HF Group received a KSh1 billion capital boost from Britam to support the bank’s turnaround strategy which will see HF Group become a full service bank…
