Family Bank profit jumps 38pc to Sh3.4b on higher interest income

Kitutu Chache South MP. Hon. Anthony Kibagendi, Family Bank CEO Nancy Njau & Chief Retail Officer Phyllis Kimani during the opening of the Kisii branch which was relocated to Zonic Hotel along Hospital Rd to ease customer access and convenience. Looking on is Kisii Central SDA church Pastor George Morara, AIC Church Bishop Phillip Mariita & former MP Hon. David Kombo. [Sammy Omingo, Standard]

Family Bank Group's net profit surged by 38 per cent to Sh3.4 billion in the year ended December 2024 from Sh2.5 billion a year earlier.

The performance, the lender said in a statement Friday, was driven by robust and sustainable revenue growth, a strong capital base and liquidity position, and cost and operational efficiency.