HFC Mortgage and Savings Sierra Leone Limited on Thursday 14th June 2012 launched the company’s Fourth Annual Report which covers the year 2011. The ceremony took place at the British Council Auditorium on Tower Hill in Freetown.
Chairman Board of Directors, Mr. John Dudley Okrafo-Smart said in 2008, the company was incorporated as the first mortgage company in Sierra Leone amidst challenges. He said they overcame all and have now established itself in the financial sector.
Mr. Okrafo-Smart further stated the company has also recorded a profit growth of 143%, from Le1.18 Billion in 2010 to Le2.87 Billion in 2011. He said the company balance sheet size (Total Assets) grew by 27% from Le49.37 Billion in 2011 to Le63 Billion in 2012.
According to him, having been able to establish a mortgage institute, the company is now on the move to construct an ultra-modern mortgage bank in the country.
Former Board Chairman, Mr. Muctarr Williams said, the company’s vision is to become a universal bank, specialized in Mortgage Finance and also engaged in commercial and investment banking and micro finance.
He expressed the company’s commitment to ensure customers’ satisfaction, enhance shareholders’ values through recruitment and maintain a dedicated high skilled and motivated human capital. The company’s values, he went on, are to serve their customers, shareholders and country with honesty, diligence, integrity and most importantly, exceeding customers’ satisfaction.
Mr. Williams used the forum to express thanks and appreciation to the National Social Action (NASSIT) for what he referred to as their relentless financial and moral support to the company. He further thanked the current management and staff of the company for upholding the company.
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Newspaper in Freetown, Sierra Leone.
