HF reports Sh61.5m profit as loans, advances income rises

Robert-Kibaara

HF Group's managing director Robert Kibaara. FILE PHOTO | NMG

HF Group reported a net profit of Sh61.5 million in the nine months to September, reversing a net loss of Sh569.9 million a year earlier.

It recorded a 66.14 percent growth in non-interest incomes from fees and commissions on loans and advances to Sh753.3 million attributed foreign exchange trading and a remodel of its banking subsidiary, HFC, to make it into a full-service bank.

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