Family Bank’s board has approved a final dividend of Ksh0.62 per share for the year ended December 2022, amounting to Ksh798 million.
Shareholders’ funds grew by 3.3% to Ksh 16.1 billion.
In the fiscal year, the bank recorded a Ksh 3.7 billion Profit Before Tax, a 12.2 % growth compared to Ksh 3.3 billion posted in 2021. The Group’s Profit After Tax for 2022 stood at Ksh 2.2 billion.
The bank’s net interest income grew from KSh7.76 billion to KSh8.59 billion, while non-interest income at KSh3.35 billion from KSh3.03 billion.
“In 2022, we focused on diversification of product offerings through the financing of second-hand importation and innovative finance for MSMEs in the water and sanitation sector,” said Family Bank CEO Rebecca Mbithi.
