HF Group marks its golden jubilee

Integrated financial services provider HF Group, marked its 50thJubilee Anniversary on 18th November 2015, whilst unveiling an ambitious growth strategy dubbed the Vision 2020.

HF was incorporated in 1965 has been the leading mortgage provider in the country for years and has also contributed to the national housing grid, having constructed well known estates such as Buru Buru Estate and, Komarock Estate in Nairobi and Fahari Estate in Mombasa through its property development subsidiary.

Speaking during the Group’s Jubilee Celebrations HF Group Chairman Steve Mainda spoke of the Company’s growth over the years, “We have grown from being a property development and mortgage finance company to offering integrated property and financial solutions over the last 50 years.

These include; property development and finance, banc assurance and commercial banking solutions. This expanded offering is driven by our commitment to provide our customers with holistic solutions. As we move towards the next 50 years, we have embarked on an aggressive growth strategy dubbed “Vision 2020”. He said.

“HF Group’s commercial banking strategy has continued to positively impact the Group’s profitability,” said Mr. Mainda. In July 2015, HF Group established HFC Limited to carry on the business of mortgage finance as well as banking services under the Banking Act.

HFC is targeting to grow its branch network to a maximum of 40 branches by 2018 in major cities, focusing on emerging property hotspots and near its developments and plans to be a Top 10 commercial bank by 2020.

“The Group’s housing supply strategy is projected to accelerate HF Group’s established presence as a major supplier of affordable housing; spearheading appropriate product development for the informal sector and middle to low income earners,” said Mr. Mainda.

Mr. Mainda said the firm has over the last 50 years played a key role in enabling Kenyans build, buy and own homes with a greater emphasis on affordable housing solutions.

“Our success as a business has been built on the relationships we cultivate with our valued clients and loyal associates.” said Mainda.

HF Group is currently testing a new core banking system that is expected to improve efficiencies and deliver new product offerings to customers.

“The core banking system will enable the firm roll out future technology driven products, provide comprehensive business functionality and enhance customer experience,” said Mainda