HF Group reported group earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported profit before tax of KES 129 million, a 73% drop compared to KES 470 million over a similar period in 2016. The Group attributed this drop in performance to the interest rate capping law that resulted in significant drop in interest related income and an increase in interest related expenses. Net interest income contributes 82% of the Group's total income. During the period, net interest income declined by 20% from KES 1billion in a similar period in 2016 to KES 798 million.