Nairobi — Family Bank's half-year profit after tax grew by 62 percent to Sh3.7 billion, up from Sh2.2 billion recorded in the six months to June 30, 2025.
The lender attributed the growth to a 41 percent increase in net interest income to Sh9.7 billion, supported by higher interest income from loans and advances to customers.
The bank also linked the performance to balance sheet expansion and cost management as it implements its 2025-2029 strategy.
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Total assets grew by 24 percent to Sh238.9 billion, driven by increased lending to the private sector.
During the period, the bank disbursed Sh35.6 billion to retail and MSME customers and Sh15.2 billion to commercial customers.
"Our strong first-half of the year results reflect the resilience of our business, disciplined execution and continued focus on our customers," Family Bank CEO Nancy Njau said.
"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."
The results come two months after Family Bank listed on the Nairobi Securities Exchange (NSE) on June 23, 2026.
The lender listed 1.66 billion ordinary shares at an introductory price of Sh18 each, giving it a market value of approximately Sh29.9 billion.
The listing marked the largest private-sector debut on the NSE in more than 17 years and allowed existing shareholders to trade their shares on the exchange.
Unlike an initial public offering (IPO), the listing did not involve raising new capital but enabled the market to determine the bank's value through trading and broadened investor participation.
The listing followed Family Bank's Sh8 billion private placement in 2025, which exceeded its initial fundraising target of Sh6.09 billion and strengthened its capital base.
