HF Group has continued to post positive results due to the diversified banking, property development and bancassurance strategy. The performance highlights include;
• Profit before tax increased to Kshs. 470.5 million during the quarter to March 31, 2016 compared to KShs. 320.4 over a corresponding period in 2015.
• Annualized earnings per share grew by 48 per cent in the quarter under review to KShs. 3.75 from KShs. 2.54 in during the first quarter of 2015.
• Net interest income went up to Kshs. 1 billion from KShs. 782.5 million.
• Total operating income rose to KShs. 1.2 billion from KShs. 950.9 million.
• The Group’s total assets stood at KShs. 72 billion by end of quarter ended March 2016, having grown from KShs. 62 billion in the first quarter of 2015.
• Loans and advances to HFC’s customers rose to KShs. 53.4 billion in the quarter to March 31, 2016 from KShs. 47.7 billion in the first quarter of 2015.
• Customer deposits at HFC grew to KShs. 41 billion during the quarter compared to KShs. 34.3 billion in the previous quarter.
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