NAIROBI, Kenya Nov 25 – Family Bank’s profit after tax rose 56 percent to Sh3.5 billion in the nine months to September 2025, compared to the same period last year.
The bank credited the growth to higher interest income, a strong balance sheet, and prudent cost management.
Its loan book expanded 10.1 percent to Sh103.7 billion, while total interest income grew 21.2 percent to Sh10.9 billion, largely driven by loans and investments in government securities. Investments in government securities also helped push the lender’s total assets to Sh202.5 billion.
“This robust performance reflects our strategic focus on innovation, digital transformation, customer-centricity, and strategic partnerships aimed at scaling our SME lending capabilities,” Family Bank CEO Nancy Njau said.
“This positions Family Bank as the Preferred Bank for Biashara as we work towards our planned NSE listing in 2026. As we enter the final quarter, we remain committed to prioritising our customers and driving sustainable shareholder value,” she added.
The bank’s total non-funded income rose 14.4 percent, supported by increased customer transactions, sustained investment in digital solutions, and partnerships targeting SME lending.
Customer deposits grew 15.3 percent to Sh146.8 billion, reflecting continued trust in the bank’s financial stability and service delivery.
“Operating expenses increased 33 percent, mainly due to moderate growth in staff costs and prudent provisioning for loan losses, which rose to Sh1.3 billion in line with our risk management approach,” the bank said.
“Core capital stood at Sh19.6 billion, up from Sh14.7 billion, highlighting strong capital adequacy in line with progressive regulatory requirements. The liquidity ratio also remained well above the statutory requirement of 20 percent at 54.4 percent, underscoring the bank’s strong balance sheet and capital position.”
