Type Private Founded 1967 | ||
 | ||
Key people Mathias Katambamanaging director Products Loans, checking, savings, investments, debit cards, mortgages Revenue Aftertax:UGX:14.7 billion (2015) Total assets UGX:618.53 billion (2015) Profiles | ||
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
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 2015, HFB was the ninth largest commercial bank in Uganda with an asset base valued at UGX:618.53 billion and shareholders' equity of UGX:120.44 billion.
Ownership
HFB is 50 percent owned by the National Social Security Fund (Uganda). The government of Uganda, through the Ministry of Finance, Planning and Economic Development (Uganda), 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 have been 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:
- Pearl Lounge Executive Banking Branch - 4 Wampewo Avenue, Kololo, Kampala
- Arua Branch - OB Plaza, 9-11 Adumi Road, Arua
- Fort Portal Branch - 4 Kyebambe Road, Fort Portal
- Garden City Branch - Garden City Mall, 64-68, Yusuf Lule Road, Kampala
- Gulu Branch - 26 Labwor Road, Gulu
- Jinja Branch - Beamteks Plaza, 68 Main Street, Jinja
- Kampala Road Branch - 25 Kampala Road, Kampala
- Kikuubo Branch - 15 Nakivubo Road, Kampala
- Kololo Branch - Investment House, 4 Wampewo Avenue, Kololo Main Branch
- Lira Branch - 4 Bazaar Road, Lira
- Mbale Branch - Bugisu Cooperative Union House, 2 Court Road, Mbale
- Mbarara Branch - Classic Hotel Building, 57 High Street, Mbarara
- Mukono Branch - Mukono
- Najjanankumbi Branch - Pelican House, 1032 Entebbe Road, Najjanankumbi
- Nakasero Branch - 34A Nakasero Road, Nakasero, Kampala
- Namuwongo Branch -38 Kisugu Road, Namuwongo, Kampala
- Ndeeba Branch - 94-96 Masaka Road, Ndeeba, Kampala
- Ntinda Branch - 1 Kimera Road, Ntinda
- Ovino Branch - Ovino Market Mall, 22, Kibuga Road, Kisenyi, Kampala
- 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.