HF losses down by 75pc on increase in non-interest income

Housing Finance Group #ticker:HFCK has reduced its losses by 74.5 percent to Sh81.4 million in the first nine months of trading, supported by near doubling of non-interest income and muted operating expenses.

The reduction, from the preceding similar period’s loss of Sh325.6 million, was despite net interest income falling marginally by Sh78 million to stand at Sh1.72 billion.