Mortgage financier HF Group appoints new CEO Robert Kibaara

Mortgage financier HF Group appoints new CEO Robert Kibaara. Mortgage provider Shelter Afrique issues profit warning

Mortgage financier HF Group appoints new CEO Robert Kibaara video duration 1 Minute(s) 3 Second(s), published by KTN News Kenya on 19 12 2018 - 13:21:38.

Mortgage financier HF Group has appointed a new CEO, to replace Frank Ireri who retires in March next year
The position is now occupied by former NIC Bank It isn't just Kenya's mortgage market that is constrained
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At least 54 percent of those in urban centers still prefer buying a home through personal savings as opposed to taking a mortgage or home loan
The latest State Kenyan banks have decided to make information on the cost of credit for personal loans and mortgages available online
The move is a bid to ease customers' Mortgage provider Shelter Afrique has issued a profit warning attributing it to an increase the poor performance of its provisions for bad loans signaling a dip in .

Mortgage financier HF Group has appointed a new CEO, to replace Frank Ireri who retires in March next year. The position is now occupied by former NIC Bank director of retail banking Robert Kibaara. Sam Waweru, the managing director of the company’s banking subsidiary HFC limited, has been occupying the post in an acting capacity, while Mr Ireri took medical leave ahead of his retirement after 13 years in the post. “the appointment of Mr Kibaara marks a critical milestone for the group as it comes at a time when HF has embarked on a new turnaround strategy focusing on full service banking, with investment in digital and retail banking,” HF’s chairman Steve Mainda said in a statement.

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