The Housing Financing Fund's Financial Statements
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Posted On: 03/03/2017 11:00:17 AM
The Housing Financing Fund's Financial Statements 2016
Attacehed is The Housing Financing Fund´s Financial Statements 2016 and HFF Press Release.
Turnaround in operations in 2016
Better results due to increased quality of the loan portfolio, an increase in interest bearing assets in excess of debts and decreased operating costs.
- The Housing Financing Fund's results amounted to ISK 4,257m.
- The equity base is 7.26% which is the highest proportion since the Fund was established
- Default loans were 2.9% – a significant reduction from the 6.9% in 2015
- The sale of appropriated assets realised more than ISK 20,000m, which was invested in interest bearing assets.
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