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Lenders face difficult times

Architectural design of of the stylish two and three-bedroomed apartments that are being developed under a joint venture between HF Group's development and investment subsidiary, HFDI and Richland Development Limited.They will be located at Kamiti Road, approximately 800 meters past Kahawa West junction.

Last month, mortgage lender Housing Finance Group issued a profit warning saying that its net profit for 2017 could be 25 per cent lower than those of 2016.

Last year in November, it was reported that the firm’s profit fell 81 per cent in the nine months to September, weighed down by bad loans.

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