Bloomberg News

Kenya’s Housing Finance Gains, Net Interest Income Seen Growing

October 13, 2011

Oct. 13 (Bloomberg) -- Housing Finance Ltd., Kenya’s only publicly traded mortgage lender, gained for the first day in five trading sessions on expectations its net interest income will grow.

The company’s shares climbed 0.6 percent to 16 shillings as of 2:02 p.m. in the capital, Nairobi, the biggest intraday gain since Oct. 6.

“There are positive sentiments about the third-quarter,” net interest income, said George Bodo, an equity strategist at Nairobi-based Apex Africa Capital Ltd, adding he forecasts quarterly net interest income growth of as much as 10 percent.

--Editor: Andrew J. Barden

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


China's Killer Profits
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus