Incorporated as a private company under the Companies Act in December 1967, the Bank has become a household name and has grown in leaps and bounds with a good track record among the pioneers of a mortgage lending. National Housing & Construction Corporation, a parastatal involved in real estate business has 5% shareholding and National Social Security Fund (NSSF) holds 50% and the Government of Uganda holds 45%. Today, the bank looks back with pride on the business accomplished in the mortgage lending business. Through innovation and placing emphasis on Honesty, Integrity, Efficiency and Customer care, Housing Finance Bank is the leader in the mortgage, holding a 90% market share.

Housing Finance Bank is committed to maintaining its profitability and improving delivery of shelter by availing mortgage loan facilities. The company has recorded steady growth in deposits, mortgage assets and shareholder equity.

The Bank's public deposits have been steadily increasing over the last six years from Shs. 20.2 billion in 2003 to Ushs. 78.3 billion in 2008 while its total mortgage asset stands at Ushs 149.9 billion as at End of 2008.

With the envisaged upturn in economic activities Housing Finance Bank is prepared to offer better services to clients. "We are committed to provide Ugandans with a path to a home of their own through our flexible savings and mortgage schemes".

Vision

To be the preferred Bank that enables its customers realize their financial aspirations, especially housing. 

Mission

To provide efficient, innovative, convenient and market-led financial services, especially housing to all so as to maximize stakeholder value.

Core Values

Excellence – The willingness, ability and commitment to accomplish tasks and deliver results over and above specified standards.

Respect – The commitment to recognizing and honoring the diversity of ideas, talents and opinions among our customers, colleagues and all other stakeholders in the execution of our work.

Integrity – The commitment to upholding acceptable moral standards and principles in our actions towards customers and all other stakeholders,

Customer Centricity – The ability and commitment to focus all our actions and thinking towards the superior satisfaction of our Customer’s needs and expectations..

Background

Housing Finance Bank was incorporated in 1967 on December 7th as Housing Finance Company Ltd, exclusively doing the mortgage business and for a long time enjoyed monopoly in the market. Later on went on to acquire a commercial bank license on 9th November, 2007 and finally became a fully fledged Commercial Bank on the 2nd of January, 2008.

Ownership
The shareholders of Housing Finance Bank include: National Housing & Construction Company (0.82%), National Social Security Fund (50%) and the government of Uganda (49.18%) with authorised and paid up capital of UShs 61,000,000,000 ( Sixty One billion Uganda Shillings)

Vision
To be the preferred Bank that enables its customers realize their financial aspirations, especially housing.

Mission
To provide efficient, innovative, convenient and market-led financial services, especially housing to all so as to maximize stakeholder value.

Values
Excellence – The willingness, ability and commitment to accomplish tasks and deliver results over and above specified standards.
Respect – The commitment to recognizing and honoring the diversity of ideas, talents and opinions among our customers, colleagues and all other stakeholders in the execution of our work.
Integrity – The commitment to upholding acceptable moral standards and principles in our actions towards customers and all other stakeholders,
Customer Centricity – The ability and commitment to focus all our actions and thinking towards the superior satisfaction of our Customer’s needs and expectations..

Corporate Governance

Housing Finance Bank takes cognisance of the fact that Good Corporate Governance is essential in the achievement of sustainable business growth and creation of economic value for its Shareholders and others Stakeholders. The Bank therefore strives to adopt sound Corporate Governance standards and practices in order to ensure that it is efficiently managed and is in a position to meet the current and future needs of the global business environment.

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