×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Read on the App

State-backed mortgage financier issues Sh3.7b loans

Roof under construction. [iStockphoto]

The Kenya Mortgage Refinance Company (KMRC) has reported Sh108 million in profit after tax in the six months ended June 2022.

Data from the latest financial statements indicate that the State-backed mortgage refinancier saw a 30 per cent increase in net profits from Sh76 million reported at the end of December 2021, which the firm attributed to increased lending.

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in