NAIROBI, Kenya, Aug 19 – Family Bank has reported a 38.7 per cent increase in Profit After Tax (PAT) for the first half of 2025, rising to Sh2.2 billion from Sh1.6 billion in the same period last year.
The lender said the performance underscores its resilience and strategic focus amid a dynamic economic environment.
The bank’s balance sheet strengthened, with total assets expanding by 21.8 per cent to Sh192.8 billion.
Growth was supported by a 10.4 per cent increase in the loan book to Sh100.9 billion, driven by funding partnerships with British International Investment and the European Investment Bank, which have boosted access to financing for Small and Medium Enterprises (SMEs).
Net interest income jumped 39.9 per cent to Sh6.9 billion, propelled by a 48.7 per cent rise in interest income from government securities and a 14.8 per cent increase in interest income from loans and advances, which closed at Sh7.7 billion.
Customer-centric approach
Customer deposits grew by 25.7 per cent to Sh149.7 billion, supported by the bank’s branch optimization strategy and ongoing expansion, including the opening of its 96th branch in Kilifi.
Operating expenses climbed 36.3 per cent to Sh6.7 billion, reflecting increased investment in marketing initiatives, branch expansion, and modernization of digital infrastructure.
At the same time, net non-performing loans dropped by 15.4 per cent on the back of improved asset quality and sustained recovery efforts.
Family Bank CEO Nancy Njau attributed the results to strategic execution and a customer-centric approach.
“Our strong half-year results reflect strategic clarity, operational excellence, and the trust our customers place in us,” she said.
“This momentum is further supported by our 2025–2029 strategy, which prioritizes scaling SME lending, driving innovation and digital transformation, and delivering a customer experience that positions Family Bank as the financial partner of choice for individuals and businesses across Kenya.”
Chief Financial Officer Paul Ngaragari noted that the bank raised loan loss provisions by 68.4 percent to Sh663.5 million as a proactive measure to safeguard assets and cushion against potential sector-wide risks.
The bank’s core capital rose to Sh16.5 billion, while its liquidity ratio improved to 53.1 percent—well above the statutory minimum of 20 percent—signaling strong capital adequacy.
