Thu . 18 Dec 2018

Housing Finance Bank

housing finance bank, housing finance bank uganda limited
Housing Finance Bank HFB is a commercial bank in Uganda It is one of the commercial banks licensed by Bank of Uganda, the national banking regulator

Contents

  • 1 Overview
  • 2 Ownership
  • 3 Branch network
  • 4 Directors
  • 5 Executive management
  • 6 See also
  • 7 References
  • 8 External links

Overview

HFB is a full service retail bank that is primarily involved in mortgage banking Founded in 1967 as a housing finance company, HFB became a fully licensed commercial bank in January 2008, having acquired a commercial banking license from the Bank of Uganda The bank is the leading mortgage lender in the country, with approximately 60 percent of all Ugandan mortgage accounts As of December 2016, HFB had an asset base valued at USh6802 billion $1859 million

In August 2017, the two largest shareholders in the bank, the Uganda government and NSSF Uganda, each contributed $82 million for a total of $164 million in fresh capital, to boost the bank's ability to lend to more mortgage borrowers and improve the lender's liquidity

Ownership

HFB is 50 percent owned by the Uganda National Social Security Fund The government of Uganda, through the Uganda Ministry of Finance, Planning and Economic Development, owns 45 percent The remaining 5 percent is owned by the National Housing and Construction Company, a parastatal company jointly owned by the government of Uganda 51 percent and the government of Libya 49 percent

HFB had planned to list its shares on the Uganda Securities Exchange in 2012, however, those plans were postponed

Branch network

HFB maintains its corporate headquarters and main branch at its newly constructed headquarters building on Wampewo Avenue, on Kololo Hill HFB's former main branch is located on Kampala Road

Another branch within the Kampala central business district is located in Nakasero, across Nakasero Road from the Nigerian High Commission There are two other branches in Kampala, one each in the suburbs of Namuwongo and Ntinda

In February 2009, HFB opened a branch in Mbarara in western Uganda In March 2009, HFB opened a branch in an area of Kampala known as Kikuubo In June 2009, HFB opened a branch in Mbale, promising at the opening ceremony to launch Internet banking and rural mobile banking later in 2009 In July 2009, HFB opened a branch in Arua, its eighth in the country

As of April 2014, HFB maintained branches at the following locations:

  1. Pearl Lounge Executive Banking Branch - 4 Wampewo Avenue, Kololo, Kampala
  2. Arua Branch - OB Plaza, 9-11 Adumi Road, Arua
  3. Fort Portal Branch - 4 Kyebambe Road, Fort Portal
  4. Garden City Branch - Garden City Mall, 64-68, Yusuf Lule Road, Kampala
  5. Gulu Branch - 26 Labwor Road, Gulu
  6. Jinja Branch - Beamteks Plaza, 68 Main Street, Jinja
  7. Kampala Road Branch - 25 Kampala Road, Kampala
  8. Kikuubo Branch - 15 Nakivubo Road, Kampala
  9. Kololo Branch - Investment House, 4 Wampewo Avenue, Kololo Main Branch
  10. Lira Branch - 4 Bazaar Road, Lira
  11. Mbale Branch - Bugisu Cooperative Union House, 2 Court Road, Mbale
  12. Mbarara Branch - Classic Hotel Building, 57 High Street, Mbarara
  13. Mukono Branch - Mukono
  14. Najjanankumbi Branch - Pelican House, 1032 Entebbe Road, Najjanankumbi
  15. Nakasero Branch - 34A Nakasero Road, Nakasero, Kampala
  16. Namuwongo Branch -38 Kisugu Road, Namuwongo, Kampala
  17. Ndeeba Branch - 94-96 Masaka Road, Ndeeba, Kampala
  18. Ntinda Branch - 1 Kimera Road, Ntinda
  19. Ovino Branch - Ovino Market Mall, 22, Kibuga Road, Kisenyi, Kampala
  20. Tororo Branch - 11 Mbale Road, Tororo

Directors

HFB is governed by an eleven-person board of directors of whom four are executive directors and seven are non-executive The chairman of the board is Keith Muhakanizi, one of the non-executive directors

Executive management

Nicholas Okwir was the founding managing director of HFB In April 2013, Mathias Katamba became managing director, succeeding the retiring Okwir There are fourteen other managers with whom the managing director supervises the daily activities of HFB

See also

  • List of banks in Uganda
  • Banking in Uganda
  • Patrick Ayota
  • Sarah Walusimbi

References

  1. ^ Juuko, Sylvia 15 November 2010 "Housing Finance Gets 15 Billion Mortgage Fund" New Vision Retrieved 25 April 2014 
  2. ^ a b c d Busuulwa, Bernard 16 August 2017 "Uganda mortgage lender to receive $16 million new capital" The EastAfrican Nairobi Retrieved 16 August 2017 
  3. ^ BOU June 2015 "List of Licensed Commercial Banks As At June 2015" PDF Kampala: Bank of Uganda BOU Retrieved 16 December 2015 
  4. ^ "Shareholding In Housing Finance Bank" Housing Finance Bank Retrieved 25 April 2014 
  5. ^ Kulabako, Faridah 17 November 2011 "Housing Finance Bank to List Shares At Securities Exchange" Daily Monitor Retrieved 25 April 2014 
  6. ^ Oketch, Martin Luther 17 February 2015 "They Promised To Sell Shares, What Happened" Daily Monitor Kampala Retrieved 17 February 2015 
  7. ^ Oneal, Nicholas 3 March 2009 "Housing Finance Goes To Kikuubo" New Vision Retrieved 25 April 2014 
  8. ^ Odomel, James 25 June 2009 "Housing Finance Opens Mbale Branch" New Vision Retrieved 25 April 2014 
  9. ^ Drasimaku, Richard 22 July 2009 "Housing Finance Bank Enters Arua" The Observer Uganda Retrieved 25 April 2014 
  10. ^ "Branches of Housing Finance Bank" Housing Finance Bank Retrieved 25 April 2014 
  11. ^ "BOU Chief Urges Banks To Lower Interest Rates To Ease Borrowing" New Vision 11 April 2011 Retrieved 25 April 2014 
  12. ^ "The Bank's Board of Directors" Housing Finance Bank Retrieved 25 April 2014 
  13. ^ Kulabako, Faridah 6 January 2014 "Employers' Body To Introduce Training Levy" Daily Monitor Retrieved 25 April 2014 
  14. ^ "Management Team At Housing Finance Bank" Housing Finance Bank Retrieved 24 April 2014 

External links

  • Housing Finance Bank Homepage
  • Uganda: Housing Finance Readies for Agency Banking

housing finance bank, housing finance bank branches, housing finance bank careers, housing finance bank contacts, housing finance bank logo, housing finance bank mombasa, housing finance bank mortgages, housing finance bank nakasero branch, housing finance bank paybill, housing finance bank uganda limited


Housing Finance Bank Information about

Housing Finance Bank


  • user icon

    Housing Finance Bank beatiful post thanks!

    29.10.2014


Housing Finance Bank
Housing Finance Bank
Housing Finance Bank viewing the topic.
Housing Finance Bank what, Housing Finance Bank who, Housing Finance Bank explanation

There are excerpts from wikipedia on this article and video

Random Posts

Timeline beyond October following the September 11 attacks

Timeline beyond October following the September 11 attacks

The following list contains certain dates beyond October 2001 involving the September 11 attacks ...
Smash Hits

Smash Hits

Smash Hits was a pop music magazine, aimed at teenagers and young adults and originally published in...
2014–15 USC Trojans women's basketball team

2014–15 USC Trojans women's basketball team

The 2014–15 USC Trojans women's basketball team will represent University of Southern California dur...
Trademark classification

Trademark classification

A trademark classification is a way the trademark examiners and applicants' trademark attorneys arra...