×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

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

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Revealed: Why millions are unable to afford Sh387 daily spent
Financial Standard
Agoa extension gives industry breathing room, results in highest-ever export earnings
Financial Standard
County workers' pension at risk in Sh2 billion Lapfund real estate mess
Financial Standard
Beverage price wars loom as Indian billionaire acquires Kenyan firm for Sh4.8b