Family Bank half-year profit after tax up 62pc to Sh3.7bn
The lender attributed the growth to a 41 percent increase in net interest income to Sh9.7 billion, supported by higher interest income from loans and advances to customers.
Family Bank reported a 62 percent increase in its half-year profit after tax to Sh3.7 billion, compared to Sh2.2 billion in the previous six months. The growth was driven by a 41 percent rise in net interest income to Sh9.7 billion, fueled by higher earnings from loans and advances. Additionally, the bank's balance sheet expanded by 24 percent to Sh238.9 billion, primarily due to increased lending to the private sector.
Family Bank disbursed Sh35.6 billion to retail and MSME customers and Sh15.2 billion to commercial customers during the period. Family Bank CEO Nancy Njau attributed the strong performance to the company's resilience, disciplined execution, and focus on customers. The bank also emphasized the strengthening of its balance sheet, growth in income streams, and maintenance of robust capital and liquidity positions.
The results followed Family Bank's listing on the Nairobi Securities Exchange on June 23, 2026, where it offered 1.66 billion shares at Sh18 each, achieving a market value of approximately Sh29.9 billion. The listing, the largest private-sector debut on the NSE in over 17 years, allowed existing shareholders to trade their shares and broadened investor participation.
Family Bank's listing preceded an earlier Sh8 billion private placement in 2025, which exceeded its initial fundraising target and further strengthened its capital base.
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