• Home
  • Business News
  • Weekly Reviews
  • Market Reports
Saturday, June 7, 2025
  • Login
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
No Result
View All Result
Home Corporate News

Family Bank Registers a 274% Earnings Growth to KES. 1.01 Billion

The Trading Room by The Trading Room
in Corporate News
Reading Time: 2 mins read
A A
0
Family Bank Registers a 274% Earnings Growth to KES. 1.01 Billion

Family Bank CEO Rebecca Mbithi speaking at the investor forum yesterday.

Share on FacebookShare on Twitter

Family Bank has recorded a KES 1.01 Billion profit before tax in the nine months of 2019, registering a remarkable 274% growth in earnings compared to the same period in 2018.

RELATED POSTS

Equity Group Leads Trade and Investment Mission to Uganda and Tanzania

Equity Group Q1 Profit Falls 4pc to KES 15.4bn

Safaricom to Invest KES 500Mn in Bid to Bolster AI Infrastructure

Higher loan uptake, steady growth in customer deposits and growth in operating income are the key drivers of the bank’s profitability and the same continue on an upward trajectory.

The performance, covering the period up to end of September 2019, is an improvement from the KES 269.9 Million posted in a similar period last year. By asset base, Family Bank’s balance sheet expanded by 14.8 per cent to KES 78.9 Billion with deposits growing by 26 per cent to KES 60.2 Billion supported by aggressive deposit mobilization for institutional, personal and transaction accounts.

“Since Q3 of 2018, our earnings have been on a steady growth and we thank our customers for the continued support cemented by the growth in their uptake of our products and services. We continue to maintain a strong capital position despite the adoption of IFRS 9 Accounting Standard. We have continued to enhance the quality of our loan book capping our non-performing loans at 15.5 per cent as at September 2019,” said Family Bank Chief Executive Officer Rebecca Mbithi. “Going forward, we are focused on accelerating digital innovation in our service delivery, consistent customer engagement, superior customer experience and equipping staff to better support our strategy,” she added.

The net interest margin grew by 16.7 per cent from KES 3.1 Billion to KES 3.6 Billion, attributable to a tremendous expansion of the loan book and a 12.2 per cent decrease in interest expense.The loan book grew by KES 4.7 Billion to hit KES 49.3 Billion as at September 2019 attributed to aggressive lending to micro,small and medium-sized enterprises. Non-interest income also grew by 10.6 per cent to KES 2.1 Billion, driven by foreign exchange trading income and other fees and commissions.

The Bank’s liquidity has remained strong at 36.6 per cent, which above the minimum statutory ratio of 20 per cent.

Post Views: 979
Buy JNews
ADVERTISEMENT
Tags: Banks in KenyaBanks Q319 resultsFamily Bank
Previous Post

Central Bank of Kenya Drops rate to 8.50%

Next Post

Market Report 26-Nov-19

The Trading Room

The Trading Room

Related Posts

Part of the delegates who participated in the 2025 Tanzania – Uganda Trade and Investment roadshow, during a site visit to GALCO LIMITED, a member of GSM Group Of Companies, in Dar es Salaam.
Corporate News

Equity Group Leads Trade and Investment Mission to Uganda and Tanzania

by The Trading Room
Equity Group
Earnings Update

Equity Group Q1 Profit Falls 4pc to KES 15.4bn

by Felix Ochieng
Cynthia Kropac(R) Chief Enterprise Business Officer Safaricom PLC receives H.E. Minister of Communications and Technology in Somalia - Mohamed Adam to the Safaricom Business Booth. Looking on is H.E. Hon. William Kabogo, Cabinet Secretary, Ministry of Information Communication and Digital Economy in Kenya - during the ongoing Connected Africa Summit 2025 Launch.
Corporate News

Safaricom to Invest KES 500Mn in Bid to Bolster AI Infrastructure

by Rennie Odek
HF Group Plc CEO Robert Kibaara
Earnings Update

HF Group Posts Solid Growth as Q1 Pre-tax Profit Soar 112%

by Githere Eddie
Next Post
Market Report 26-Nov-19

Market Report 26-Nov-19

Portland Seeks to sell land to pay lenders.

Portland to Delay Publication of Results

Market Report 27 November, 2019.

Market Report 27 November, 2019.

Please login to join discussion
Advertisement Banner Advertisement Banner Advertisement Banner
ADVERTISEMENT

Most Viewed Posts

  • Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment (4,120)
  • 4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals (2,211)
  • Hilda Njeru Takes over at CDSC (2,082)
  • Safaricom Finally Launches eSIM: Here’s What You Need to Know (1,935)
  • KenGen Gets Nod to Sell 4 Million Tonnes of Carbon Credits (1,817)

Follow Twitter

About Us

Follow Us

Popular Tag

Africa Asian - Pacific Stocks Asian Stock Markets Australian Stocks Bitcoin Bonds Kenya Bonds Trading in Kenya Brent Brent Crude Capital Markets Authority Central Bank of Kenya Corona Virus Pandemic Crude Oil Cryptocurrencies Derivatives NSE Derivatives Trading in Kenya Dow Jones Industrial Average Ethereum European Stock Markets Global Economy Global Markets Hang Seng Index Investing in Kenya Investor Briefing Jakarta Stock Exchange Kenya Economy Kospi index MSCI Index Nairobi Securities Exchange NASDAQ New York Stock Exchange Nikkei N225 NSE Oil Futures S&P 500 Index Safaricom Plc Shanghai Composite Shenzhen component spotlight Stock Market Report Stock Market Review U.S. Stock markets US oil Wall Street WTI Oil Index

Recent News

Part of the delegates who participated in the 2025 Tanzania – Uganda Trade and Investment roadshow, during a site visit to GALCO LIMITED, a member of GSM Group Of Companies, in Dar es Salaam.

Equity Group Leads Trade and Investment Mission to Uganda and Tanzania

HF Group Plc CEO Robert Kibaara

Opinion: HF Group Delivering Transformation and Strategic Growth

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 The Trading Room Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
TSLA 
$295.14  3.67%  
GME 
$29.58  0.44%  
MSFT 
$470.38  0.58%  
AAPL 
$203.92  1.64%  
AMC 
$3.40  0.00%  
ABNB 
$140.64  2.44%  
GOOGL 
$173.68  3.25%  
AMZN 
$213.57  2.72%  
No Result
View All Result
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports

© 2025 The Trading Room Limited.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?