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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Family Bank has reported a net profit of Sh1.16 billion in the year ended December 31, 2020, up from Sh949 million in 2019.
The bank’s total non-performing loans, however, increased from Sh7.13 billion in 2019 to Sh8.08 billion in 2020 as distressed borrowers defaulted on their loans, or had them restructured due to the negative impact of Covid-19 on the economy and livelihoods.
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