Kenya: Family Bank's Profits Ahead of 2013 Earnings

23 October 2014

FAMILY Bank told shareholders yesterday profit before tax for the first eight months stood at Sh1.78 billion and has already surpassed the 2013 full year earnings of Sh1.76 billion.

Net earnings were however slightly lower to Sh1.23 billion compared with Sh1.24 billion in the entire 2013, the lender said as it wooed investors to take up more shares in the ongoing Sh3.12 billion rights issue.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.