Overview
HFB is a full service retail bank that is primarily involved in mortgage banking. Founded in 1967 as a housing finance company, Housing Finance Bank became a fully licensed commercial bank in January 2008, having acquired a commercial banking license from Bank of Uganda. The bank is the leading mortgage lender in the country, with approximately 60% of all Ugandan mortgage accounts. As of December 2011, Housing Finance Bank was the 9th largest commercial bank in Uganda with an asset base estimated at over US$190.7 million (UGX:464.1 billion), and shareholders' equity of approximately US$40 million (UGX:99 billion). representing about 4% of all bank assets in the country at that time.
Read more about this topic: Housing Finance Bank