Housing Finance has reported a 27 per cent increase in profit after tax for the first half of 2016.

Net profit increased to Sh612.6 million from Sh485.1 million in the same period last year.

The mortgage lender attributed the growth to an increase in net interest income that rose from Sh1.71 billion to Sh2.09 billion in the review period.

In the six months to June, the loan book grew by seven per cent to Sh53.5 billion from Sh49.9 billion. Deposits increased from Sh37.4 billion to Sh39.8 billion on account of increased customer numbers.

Managing director Frank Ireri said the group also increased its holding of government securities from Sh516 million to Sh3.7 billion to take advantage of the improved yields.

http://www.the-star.co.k...-sh6126-million_c1400765

Yes Interim dividend value is very important

Anyone know when the other banks will release?

Who will release on Thursday?

I understand CfC Stanbic should be Friday.

Anyone know dates for:
Equity
Coop
NIC
StanChart
Barclays
DTB
I&M
NBK

KCB released results last week.

Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015
Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015

no interim divided this year? or they forgot announcing

Another capital raising exercise was always on the cards based on their Q1 results. It has caught up with them real fast. The jump in govt securities is to create a liquidity buffer and help meet/beat capital ratios not coz of an increase in yields.

I do not recall any other bank [that's not been flagged as being in trouble] with such a low Liquidity Ratio. No wonder there is no interim dividend.

Rights?
2nd Tier Debt?
Sales of houses?
Stop lending?
Enhance debt collection?

HF will need to get some more cash in soon.

they also have a bond which is due for payment next year

I like that, being smoked out