Housing Finance has recently released half-year results for the period that ended in June 2019. The mortgage provider posted KSh97 million net loss in the six months period from a KSh6.8 million net profit in the first half of 2018.
Investments in government securities increased by 5.4% from Ksh 4.03 billion in the first half of 2018 to Ksh 4.25 billion. Loans and advances to customers declined by 15 percent from Ksh 47.32 billion to Ksh 40.30 billion.
Similarly, customer deposits reduced by 6.5% from Ksh 36.21 billion to Ksh 33.83 billion. Net interest income reduced by 23.52% from Ksh 1.34 billion to Ksh 1.027 billion.
