NAIROBI, Aug 19 — Family Bank Group reported a 38.7% rise in profit after tax to Sh2.2 billion for the six months to 30 June 2025, from Sh1.6 billion a year earlier, lifted by sustained revenue growth, cost discipline and a stronger balance sheet.
Net interest income jumped 39.9% to KSh6.9 billion, driven by a 48.7% increase in earnings from Government securities and a 14.8% rise in interest income from loans and advances, which closed at Sh7.7 billion.
Total assets expanded 21.8% to Sh192.8 billion. The loan book grew 10.4% to Sh100.9 billion, supported by recent funding partnerships with British International Investment and the European Investment Bank to widen SME lending.
“We’re seeing the benefits of strategic execution and customer trust. Our 2025–2029 strategy prioritises SME lending, innovation and digital transformation to position Family Bank as the financial partner of choice,” said CEO Nancy Njau.
Customer deposits rose 25.7% to Sh149.7 billion, underpinned by branch optimisation and network growth; the bank opened its 96th branch in Kilifi during the period. Operating expenses increased 36.3% to Sh6.7 billion (from Sh4.9 billion), reflecting investment in marketing, branch expansion and digital modernisation.
Asset quality improved, with net non-performing loans down 15.4%. To reinforce buffers, loan-loss provisions rose 68.4% to KSh663.5 million, said CFO Paul Ngaragari, citing a prudent stance amid sector risks.
Core capital stood at Sh16.5 billion (from Sh14.5 billion), while the liquidity ratio strengthened to 53.1%, well above the 20% statutory minimum. More than 90% of customer transactions were conducted through non-branch digital channels.
