Family Bank has reported a 38.7% increase in net profit to Ksh. 2.2 billion for the six months ended June 30, 2025. This is as compared to Ksh. 1.6 billion realized in a similar period last year.
The rise in profitability was on the back of a 39.9% rise in net interest income to KES 6.9 billion. This was due to a 48.7% growth in interest income from Government securities and a 14.8% increase in interest income from loans and advances which closed at KES 7.7 billion. Non interest income rose by 13% to hit Ksh. 2.7 Billion.
Operating expenses on the other hand rose by 36% to Ksh. 6.7 Billion. This was largely due to a 68.5% rise in the loan loss provisions to Ksh. 663 Million as well as well as other strategic investments.
The Bank’s balance sheet strengthened significantly, with total assets growing by 21.8% to KES 192.8 billion. This was driven by a double-digit expansion of 10.4% in the loan book to KES 100.9 billion, supported by recent funding partnerships with British International Investment and the European Investment Bank, which have expanded access to financing for SMEs.
Customer deposits rose by 25.7% to KES 149.7 billion, boosted by the Bank’s branch optimisation strategy, including continuous expansion. During the period, the Bank opened 96th branch in Kilifi.
Core capital stood at KES 16.5 billion, up from KES 14.5 billion, while the Bank’s liquidity ratio strengthened to 53.1%, well above the statutory requirement of 20%, reflecting strong capital adequacy.
Family Bank CEO Nancy Njau, said, “Our strong half-year results reflect strategic clarity, operational excellence, and the trust our customers place in us. This momentum is further supported by our 2025–2029 strategy, which focuses on scaling SME lending, driving innovation and digital transformation, and delivering a customer experience that positions Family Bank as the financial partner of choice for individuals and businesses across Kenya.”