The Lower Eastern Times Opening The Third Eye
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Family Bank recorded a 56 percent jump in profit after tax, reaching Sh3.5 billion in the nine months to September 2025, compared to the same period last year.
The lender attributed the growth to stronger interest earnings, a solid balance sheet, and effective cost management.
Its loan portfolio grew by 10.1 percent to Sh103.7 billion, while total interest income rose 21.2 percent to Sh10.9 billion—driven mainly by lending activities and investments in government securities. These investments also helped push total assets to Sh202.5 billion.
“This strong performance reflects our continued focus on innovation, digital transformation, customer needs, and partnerships that support SME lending,” said Family Bank CEO Nancy Njau.
“It strengthens our position as the Preferred Bank for Biashara as we work toward our planned NSE listing in 2026. As we head into the last quarter, we remain committed to our customers and to delivering sustainable value for shareholders,” she added.
Non-funded income grew by 14.4 percent, supported by more customer transactions, ongoing digital investments, and SME-focused partnerships.
Customer deposits increased 15.3 percent to Sh146.8 billion, signalling sustained confidence in the bank’s stability and services.
“Operating expenses rose by 33 percent, largely due to moderate staff cost increases and cautious provisioning for loan losses, which reached Sh1.3 billion in alignment with our risk management strategy,” the bank reported.
Family Bank’s core capital increased to Sh19.6 billion from Sh14.7 billion, reflecting strong capital adequacy in line with regulatory expectations. The liquidity ratio remained solid at 54.4 percent—well above the 20 percent minimum requirement—underscoring the bank’s strong balance sheet and financial resilience.
