Family Bank acquires Kes 1.5 Billion facility from African Guarantee Fund to fuel growth of SMEs.
Family Bank has acquired a KES 1.5 billion loan portfolio guarantee facility from the African Guarantee Fund.
Family Bank has acquired a KES 1.5 billion loan portfolio guarantee facility from the African Guarantee Fund.
Family Bank said it would use the funds to increase its branch network from the current 92 outlets in 37 counties, widening its presence and customer base as it also considers an initial public offering (IPO) proposal.
Family Bank Group has posted a Kes 728.8 million Profit Before Tax for the first quarter of 2021, a 71.3% increase in earnings compared to the Kes 425.6 million reported during the same period in 2020. The bank’s net interest income rose by 27.2% to KES 1.8 billion in the period ended 31st March 2021. …
Family Bank Records Kes 728.8 Million Profit in Q12021 Read More »
Family bank has posted an 18% rise in the profit after tax to Kes 1.2 billion during the financial year ended 30th December 2020, from Kes 949,836 million recorded during the same period last year. The rise in profit resulted from a rise in taxes deferred by the group as a result of the measures …
Family Bank Posts a 18% Jump in Profit After Tax to Kes 1.2 Billion. Read More »
Family Bank also signed a partnership with Performeter Agribusiness Limited setting aside Sh1 billion to fund fodder production for dairy farmers in cooperatives.
The total operating income grew by 17.6 per cent to Sh 4.2 billion during this period compared to Sh 3.6 billion last year.
The net interest income grew by 16.3 per cent to KES. 5 Billion compared to KES. 4.3 Billion realized in the same period last year with income from loans and government securities being major contributors. Non-interest income also registered a growth of 12 per cent to hit KES. 2.8 Billion
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. 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 …
Family Bank Registers a 274% Earnings Growth to KES. 1.01 Billion Read More »