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TodayFriday, April 24, 2026

Housing Finance Bank- Page 4

From Left to right - Sheikh Naswif Kizito, HFB MD Michael Mugabi, Hajji Sonko Najib long-term customer for the Bank and Executive Director Peace Ayebazibwe pose for a picture during the dinner held at Hotel Africana for its Muslim customers and staff
From Left to right - Sheikh Naswif Kizito, HFB MD Michael Mugabi, Hajji Sonko Najib long-term customer for the Bank and Executive Director Peace Ayebazibwe pose for a picture during the dinner held at Hotel Africana for its Muslim customers and staff

Housing Finance Bank celebrates its Muslim staff and customers

Housing Finance Bank this week held an Iftar dinner at Hotel Africana in celebration of its Muslim staff and customers. At the dinner, Michael Mugabi, the bank’s Managing Director expressed gratitude
April 21, 2023
In the 4 years that Michael K. Mugabi has been the Managing Director of Housing Finance Bank, net profit has nearly doubled, growing by 96% from UGX20.9 billion to UGX41 billion in 2021- fortifying HFB's position as Uganda's 8th most profitable bank. This has been driven by a 59% growth in total income- from UGX120.6 billion in 2018 to UGX191.5 billion in 2021. During this period, the bank has also witnessed healthy growth in customer deposits- by 81% from UGX451.3 billion in 2018 to UGX818 billion in 2021. The above- combined with a 32% growth in the loan book, from UGX511.6 billion to UGX674.3 billion has seen the bank’s balance sheet grow by 67.9% from UGX776.9 billion to UGX1.304 trillion- a CAGR of 13.8% strengthening the bank as the 10th largest in bank by asset size. PHOTO/Courtesy

Housing Finance Bank’s 2021 profits grow by 98% to reach a record UGX41 billion

As most banks in 2021 significantly slowed down and cut bank extension of the much-needed credit, Housing Finance Bank, stuck to its mandate of enabling homeownership and financial independence, growing its lending
May 3, 2022
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Connie boasts of a 13-year experience in editorial as well as corporate brand and marketing communications in financial services, energy, transport and entertainment sectors.

Housing Finance Bank’s Connie Nankya to head communications and public relations unit at Movit Products

Connie Nankya, the Communications and Public Relations Manager at Housing Finance Bank since 2017 has quit the Kololo-headquartered bank to take up a similar role at Movit Products Limited. CEO East Africa
October 3, 2020
Michael Mugabi, Housing Finance Bank Managing Director displays the Memorandum of Understanding signed with Water for People in Kampala yesterday

Housing Finance Bank to offer sanitation loans to 30,000 home owners in Kampala

Housing Finance Bank yesterday launched a partnership with Water for People to implement a citywide inclusive sanitation program that will see 30,000 home owners around 5 divisions in Kampala benefit from improved
September 9, 2020
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