Social Security and Housing Finance Corporation has recorded another year of strong institutional performance under the State-Owned Enterprises evaluation system, resulting in the award of a one-month performance bonus for staff.
The recognition was confirmed by the State-Owned Enterprises Commission following its 2025 assessment, in which SSHFC received a leading overall rating.
According to the Corporation, the assessment reflects continued progress in financial stability, operational efficiency and service delivery.
SSHFC attributed the performance to ongoing reforms and leadership under Managing Director Saloum Malang, with support from the Board of Directors, chaired by Oreme Joiner.
Financial indicators released by the Corporation showed significant growth during the review period.
Total income increased from D401.6 million in 2023 to D1.042 billion in 2025, while total assets rose from D8.54 billion to D10.99 billion.
Members’ funds also increased from D8.33 billion in 2023 to D10.11 billion in 2025, reflecting continued growth in contributors’ savings.
SSHFC said returns declared to members reached D246.5 million in 2025.
The Corporation further reported improvements in contribution collections and mortgage repayments, which it attributed to stronger compliance and enhanced recovery measures.
According to management, SSHFC also maintained good governance practices, including timely financial reporting and clean audit outcomes across its accounts.
Management expressed appreciation to the Government, staff, employers, contributors, pensioners and development partners for their continued support and cooperation.
The Corporation reaffirmed its commitment to improving efficiency, strengthening financial sustainability and enhancing service delivery to members.