Family Bank Group has reported a 38.7% increase in Profit After Tax (PAT), reaching KES 2.2 billion for the six months ended June 30, 2025, up from KES 1.6 billion in the same period last year.
The strong performance reflects sustained revenue growth, disciplined cost management, and a resilient balance sheet amid a dynamic economic landscape.
Strong Asset Growth and SME Lending Boost
The Group’s total assets rose by 21.8% to KES 192.8 billion, driven by a 10.4% expansion in the loan book to KES 100.9 billion. This growth was supported by strategic funding partnerships with British International Investment and the European Investment Bank, enhancing access to credit for small and medium-sized enterprises (SMEs).
Net interest income increased by 39.9% to KES 6.9 billion, fueled by a 48.7% rise in interest income from government securities and a 14.8% uptick in income from loans and advances, which closed at KES 7.7 billion.
CEO Highlights Strategic Execution
Commenting on the results, 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 across Kenya.”
Deposit Growth and Branch Expansion
Customer deposits rose by 25.7% to KES 149.7 billion, supported by the bank’s branch optimisation strategy and continued expansion. During the reporting period, Family Bank opened its 96th branch in Kilifi.
Operating expenses increased by 36.3% to KES 6.7 billion, up from KES 4.9 billion, reflecting strategic investments in marketing, branch network expansion, and digital infrastructure upgrades.
Improved Asset Quality and Risk Management
The bank recorded a 15.4% reduction in net non-performing loans, attributed to improved asset quality and sustained recovery efforts. Loan loss provisions rose by 68.4% to KES 663.5 million, reinforcing the bank’s proactive risk management approach.
Chief Financial Officer Paul Ngaragari noted:
“To further reinforce this progress and cushion against potential sector-wide risks, we increased our loan loss provisions as a prudent measure to safeguard assets.”
Capital Adequacy and Digital Transformation
Core capital increased to KES 16.5 billion from KES 14.5 billion, while the liquidity ratio strengthened to 53.1%, well above the statutory minimum of 20%, signalling robust capital adequacy.
Digital adoption remains high, with over 90% of transactions conducted through non-branch channels, underscoring the bank’s commitment to convenience and innovation.
Family Bank Group – H1 2025 Financial Highlights
| Metric / Area | H1 2025 | H1 2024 | Change (%) |
|---|---|---|---|
| Profit After Tax (PAT) | KES 2.2 billion | KES 1.6 billion | +38.7% |
| Total Assets | KES 192.8 billion | KES 158.3 billion | +21.8% |
| Loan Book | KES 100.9 billion | KES 91.4 billion | +10.4% |
| Net Interest Income | KES 6.9 billion | KES 4.9 billion | +39.9% |
| Interest Income (Govt Securities) | — | — | +48.7% |
| Interest Income (Loans & Advances) | KES 7.7 billion | — | +14.8% |
| Customer Deposits | KES 149.7 billion | KES 119.1 billion | +25.7% |
| Operating Expenses | KES 6.7 billion | KES 4.9 billion | +36.3% |
| Net Non-Performing Loans | — | — | -15.4% |
| Loan Loss Provisions | KES 663.5 million | KES 393.7 million | +68.4% |
| Core Capital | KES 16.5 billion | KES 14.5 billion | +13.8% |
| Liquidity Ratio | 53.1% | — | — |
| Digital Transactions | >90% via non-branch channels | — | — |
| Branch Expansion | 96 branches (new: Kilifi) | — | — |
