Family Bank half-year profit surges 62pc as assets hit Sh238.9bn
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Family Bank Group’s profit after tax rose by 62 per cent to Sh3.7 billion in the six months ended June 30, 2026, from Sh2.2 billion recorded during a similar period last year.
The strong performance was driven by balance sheet expansion, higher interest income and disciplined cost management as the lender continued to implement its 2025–2029 strategic plan.
The results come two months after Family Bank’s listing on the Nairobi Securities Exchange in June, marking a new phase in its growth and capital markets strategy.
The bank’s total assets increased by 24 per cent to Sh238.9 billion, largely supported by increased lending to the private sector.
During the period, the lender disbursed Sh35.6 billion to retail and micro, small and medium-sized enterprise (MSME) customers, while commercial customers received Sh15.2 billion.
Net interest income grew by 41 per cent to Sh9.7 billion, supported by increased interest earnings from loans and advances to customers.
“Our strong first-half of the year results reflect the resilience of our business, disciplined execution and continued focus on our customers. We have strengthened the balance sheet, grown the income streams and maintained strong capital and liquidity positions, while continuing to invest in our people, technology and distribution network,” said Family Bank CEO Nancy Njau.
Customer deposits also recorded significant growth, rising by 20 per cent to Sh180.2 billion. The increase was attributed to the bank’s network optimisation strategy and continued engagement with customers.
Operating expenses rose by 11 per cent to Sh7.4 billion, reflecting continued investment in technology and human capital, alongside efforts to optimise the bank’s branch network.
Despite the increased expenditure, the lender said the investments were aimed at strengthening its operating platform and improving service delivery as it pursues its long-term growth strategy.
“Our focus remains on executing the objectives of the 2025–2029 strategic plan, deepening support for retail, MSME and commercial customers, and delivering world-class service anchored on sustainable long-term growth,” Njau said.
Family Bank said its capital and liquidity ratios remained strong and comfortably above regulatory requirements, providing a firm foundation for continued expansion.
Reporting originally appeared via Bizna Kenya. Read the full source for additional context.