Family Bank Group has posted a 52.6 per cent increase in Profit After Tax for the first quarter ended March 31, 2026, reaching KES 1.6 billion compared to KES 1.0 billion recorded during a similar period last year.
The lender attributed the strong performance to sustained growth in interest-earning assets, diversified income streams, and a strengthened balance sheet.
Operating Income Rises on Higher Interest Earnings
The Group’s total operating income grew by 22.1 per cent to KES 6.0 billion from KES 4.9 billion in the corresponding period last year.
This growth was largely driven by a sharp rise in net interest income, which increased by 45.4 per cent to KES 4.7 billion from KES 3.2 billion, reflecting strong expansion in lending activities and improved income generation from core banking operations.
Loan Book and Assets Register Strong Growth
Family Bank’s total assets expanded by 32.3 percent to KES 230.2 billion from KES 174.0 billion.
The growth was supported by a 12.6 percent increase in the loan book to KES 108.3 billion as the bank continued to extend credit to the private sector.
Customer deposits also recorded strong growth, rising by 27.1 percent to KES 168.1 billion, highlighting growing customer confidence and continued uptake of the bank’s products and services.
Investment in Technology Pushes Costs Higher
The Group’s total operating costs increased by 7.6 percent to KES 3.7 billion, which the bank linked to ongoing investments in technology and branch optimisation initiatives aimed at improving operational efficiency and customer experience.
Shareholders’ Funds Surge Ahead of NSE Listing
Shareholders’ funds rose significantly by 42.2 percent to KES 34.7 billion, supported by a recently concluded private placement that achieved a 131 percent subscription rate, alongside retained earnings.
The bank noted that the capital strengthening comes as it finalises preparations for its planned listing by introduction at the Nairobi Securities Exchange.
CEO Highlights Resilience and Long-Term Growth Strategy
Family Bank Chief Executive Officer Nancy Njau said the results demonstrate the resilience of the bank’s business model and the effectiveness of its long-term growth strategy.
“Our first quarter results reflect the resilience of our business model and our commitment to delivering sustainable value to shareholders and customers alike. The continued growth in profitability, assets, and capital strength demonstrates the effectiveness of our long-term strategy as we position the Bank for sustained growth and stability. We remain focused on deepening financial inclusion, accelerating digital transformation, and creating long-term value for all our stakeholders,” said Njau.
The Group also maintained strong capital buffers during the quarter, reinforcing its financial stability and strengthening its balance sheet position.
