Housing Finance Bank of Uganda


Overview

  • Reference: P-UG-HA0-002
  • Approval date: 23/11/2011
  • Start date: 22/08/2012
  • Appraisal Date: 13/12/1901
  • Status: OngoingOnGo
  • Implementing Agency: Housing Finance Bank
  • Location: Uganda

Description

An LOC to avail long term funding to Housing Finance Bank Limited (HFB), Uganda for the purposes of supporting new residential and commercial mortgages from its projects pipeline aimed at benefiting low and medium income earners in Uganda and SME businesses.

The proposed transaction is a USD20 mln, 10 year Line of Credit (LOC) to enable HFB


Objectives

The proposed transaction is a USD20 mln,( to be offered in Uganda shillings) 10 year Line of Credit (LOC) to enable HFB


Rationale

There is a huge demand for housing in Uganda, and HFB is developing the branch network and business plan necessary to begin to partly meet this demand. In view of its focus on housing finance, and being the market leader in the mortgage market, HFB is the ideal strategic partner for the ADB to assist Uganda


Key contacts

ANSAH Dennis - OPSD4


Costs

Finance source Amount
ADBUSD 15,496,146
DeltaUSD 104
TotalUSD 15,496,250