The mortgage and savings company made the announcement at its 6th annual general meeting held at Liverpool Street this week.
The result was giving by PKF auditing firm for the year 2013.
At the gathering at the Ramsey Conference Hall, the HFC Managing Director, Mr Ahmed Kamara explained how they manage to make such sum of profit...
“We were able to raise additional Le18billion totalling Le30 billion as at end of year debenture from the National Social Security and Insurance Trust.
According to Mr Kamara, they pulled Le75m just from institutions and private investors alone, and another 30% equity participating with Ghana HFC Bank Ghana Ltd and is fixed partnership.
The major revenue came between the year 2012 to 2013 with almost two-billion Leones raised.
He hopes for another 10 billion gain before 2015 ends.
The Managing Director adds that the mortgaged portfolio increased to Le66.7 billion in 2013 from Le54.34billion in 2012 representing a 23% growth.
He said...“Customer deposits grew by 61% from 27.74 in 2012 to Le44.63billion in 2013 indicating a growing confidence in the company by the public customer base, which has also grown substantially with very impressive customer mix.”
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Image:©awoko
By: NOWLATEST.COM
