Nairobi, Jan. 21 -- Mortgage financier HF Group has received Sh1 billion from its top shareholder Britam Holdings to boost the lender's capital and loans outside real estate.
The cash injection will enable HF to deepen its strategy of expanding into mainstream banking including retail and SME lending while cutting reliance on the soft real estate market.
The mortgage financier will channel the bulk of its lending to small and medium enterprises and those buying houses through the State-backed affordable homes scheme.
Britam cash will help HF meet the regulatory capital levels, boost the firm's liquidity and allow it to lend more through its deposits backed by the enhanced reserves.
"The investment comes on the back of a formidable turna...