Housing Finance gets Sh850m loan
29 May 2012, 13:26
Nairobi – Housing Finance (HF) has signed a Sh850 million (USD10 million)
bilateral term loan with the London-based Ghana International Bank PLC
(GHIB), to support the firm’s mortgage lending business.
GHIB is a niche London based Corporate Bank offering Correspondent
Banking, Corporate Banking, Treasury Services, International Trade
Finance and Transaction Services mainly to Financial Institutions and
Corporate entities across Africa.
Housing Finance Managing Director Frank Ireri said the firm will
continue to tap affordable international funds to accelerate growth and
reduce operating costs.
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