Housing Finance Bank

Housing Finance Bank (HFB) Is A Commercial Bank In Uganda. It Is One Of The Commercial Banks Licensed By The National Banking Regulator, The Bank Of Uganda.

HFB Is A Full-service Retail Bank Primarily Engaged In Mortgage Banking. HFB Was Established In 1967, Initially As A Housing Finance Company, And Became A Fully Licensed Commercial Bank In January 2008 By Obtaining A Commercial Banking License From The Bank Of Uganda. The Bank Is The Country's Leading Mortgage Lender, Accounting For Approximately 60% Of All Mortgage Accounts In Uganda. The Bank Had Assets Of $2.14 Trillion ($569.641 Million) As Of December 31, 2023. The Bank's After-tax Profit In 2023 Is $65.10 Billion ($16.37 Million). At That Time, The Core Capital Was $273.80 Billion (~ $72.90 Million).

In August 2017, The Bank's Two Largest Shareholders, The Government Of Uganda And NSSF Uganda, Contributed $8.20 Million Each ($16.40 Million In Total) To Enhance The Bank's Ability To Lend To More Mortgage Borrowers And Improve Lender Liquidity.

Ownership

HFB Is Owned By The Uganda National Social Security Fund (50.0%). The Government Of Uganda, Through The Ministry Of Finance, Planning And Economic Development Of Uganda, Owns 49.18%. The Remaining 0.82% Is Owned By The National Housing And Construction Corporation, A Parastatal Company Jointly Owned By The Government Of Uganda (51%) And The Government Of Libya (49%).

HFB Had Planned To List On The Uganda Stock Exchange In 2012, However, These Plans Have Been Delayed.

Branch Network

HFB Has Located Its Corporate Headquarters And Main Branches In A Newly Constructed Headquarters Building On Wampewo Avenue In Kololo Hill. The Former Head Office Of HFB Is Located On Kampala Road.

Another Branch Within Kampala's CBD Is Located In Nakasero, Across Nakasero Road From The Nigerian High Commission. There Are Two Other Branches In Kampala, Located On The Outskirts 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 Called Kikuubo. In June 2009, HFB Opened A Branch In Mbale And During The Opening Ceremony Promised To Launch Online Banking And Rural Mobile Banking Later In 2009. In July 2009, HFB Opened A Branch In Arua, Its Eighth Branch In The Country.

As Of December 2022, HFB Has Branches In The Following Locations:

1. Kololo Head Office, Investment Company: 4 Wampewo Avenue, Kololo, Kampala Head Office
2. Kampala Road Branch: 25 Kampala Road, Kampala
3. Namuwongo Branch: 38 Kisugu Road, Namuwongo, Kampala
4. Ntinda Branch: Ntinda Mall, 1 Kimera Road, Ntinda
5. Nakasero Branch: 34A Nakasero Road, Nakasero, Kampala
6. Kiukubo Branch : Muzinge Dry Cleaner Building, 15 Nakivubo Road, Kampala
7. Garden City Branch: Garden City Mall, 64-68, Yusuf Lule Road, Kampala
8. Nbeyba Branch: 94-96 Masaka Road, Nbeyba, Kampala
9. Lira Branch: 4 Bazaar Road, Lira
10. Guru Branch: 26 Labwor Road, Gulu
11. Jinja Branch: Beamteks Plaza, 68 Main Street, Jinja
12. Mbarara Branch: Classic Hotel Building, 57 High Street, Mbarara
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13. Mbale Branch: Bugisu Cooperative Union House, 2 Court Road, Mbale
14. Arua Branch: OB Plaza, 9-11 Adumi Road, Arua
15. Tororo Branch: 11 Mbale Road, Tororo
16. Mukono Branch: 51 Kampala Road, Mukono
17. Fort Portal Branch: 4 Kyebambe Road, Fort Portal
18. Nansana Service Center: Njovu Estate, Headquarters Building, 1158 Hoima Road, Nansana.

Directors

Housing Finance Bank Is Governed By A 12-person Board Of Directors, Of Which 2 Are Executive Directors And 10 Are Non-executive Directors. The Chairperson Of The Board Is David Opiokello, One Of The Non-executive Directors.

Administration

Nicholas Okvir Is The Founding Managing Director Of HFB. In April 2013, Mathias Katamba Succeeded The Retiring Okwir As Managing Director. In October 2018, Katamba Left And Michael Mugabi Was Appointed Acting CEO. There Are Also 11 Other Senior Executives, With Whom The General Manager Oversees The Bank's Day-to-day Activities.