February 19, 2014 / 5:27 AM / in 3 years

Kenya's Housing Finance says FY 2013 pretax profit up 63 pct

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NAIROBI, Feb 19 (Reuters) - Kenya's second largest mortgage lender Housing Finance said on Wednesday full-year pretax profit jumped 63 percent to 1.48 billion Kenyan shillings in 2013, driven by dramatic growth in its non-interest income.

Non-interest income leapt almost five-fold to 1.3 billion shillings on the back of rising house sales, Managing Director Frank Ireri said, after it launched a housing development arm to tap a fast growing middle class in east Africa's biggest economy. (Reporting by Duncan Miriri; Editing by Richard Lough)

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