Family Bank Group has reported a strong half-year performance, posting a 38.7 percent rise in profit after tax to KSh 2.2 billion for the six months ending June 30, 2025, up from KSh 1.6 billion in the same period last year.
The lender attributed the growth to sustained revenue expansion, disciplined cost management and a robust balance sheet that has reinforced its resilience in a challenging economic environment.
Total assets grew by 21.8 percent to KSh 192.8 billion, supported by a 10.4 percent expansion of the loan book to KSh 100.9 billion. The bank cited recent funding partnerships with British International Investment and the European Investment Bank as key enablers in expanding access to SME financing.
Net interest income rose 39.9 percent to KSh 6.9 billion, lifted by a 48.7 percent jump in earnings from government securities and a 14.8 percent increase in interest income from loans and advances, which closed at KSh 7.7 billion.
Chief Executive Officer Nancy Njau said the results underscored the bank’s strategic clarity and customer focus.
“Our strong half-year results reflect operational excellence and the trust our customers place in us,” she said. “This momentum is aligned with our 2025–2029 strategy, which prioritises scaling SME lending, driving innovation and digital transformation, and enhancing the customer experience.”
Customer deposits increased 25.7 percent to KSh 149.7 billion, supported by branch expansion, including the opening of the bank’s 96th branch in Kilifi.
Operating expenses rose 36.3 percent to KSh 6.7 billion, largely driven by investments in marketing, branch network growth and digital infrastructure upgrades.
The lender also recorded a 15.4 percent decline in net non-performing loans, reflecting improved asset quality and recovery efforts. However, it raised loan loss provisions by 68.4 percent to KSh 663.5 million as a precaution against potential sector risks.
“This step reinforces our risk management framework and safeguards asset quality,”
said Chief Financial Officer Paul Ngaragari.
Core capital rose to KSh 16.5 billion from KSh 14.5 billion, while the bank’s liquidity ratio improved to 53.1 percent—well above the statutory minimum of 20 percent—demonstrating strong capital adequacy.
Family Bank noted that more than 90 percent of transactions are now conducted through digital and other non-branch channels, underscoring its ongoing shift toward technology-led banking.
