Family Bank Shareholders to Earn Ksh1 Billion After Surge in Profit

Family Bank shareholders have approved a Ksh 1.1 billion, or Ksh 0.85 per Share, dividend payout for the 2024 financial year.

The dividends represent a 53% increase from the 2023 pay-out, when shareholders approved a distribution of Ksh 723 million. This year’s payout follows a 38% surge in profit after tax, which closed at Ksh 3.4 billion for the year ended 2024.

“As a Bank, we are deeply grateful to our shareholders for their unwavering support and confidence in our decisions as we continue to balance sustainable returns with long-term capital growth as we gear to attain Tier 1 status,” said Family Bank Chairman, Mr Lazarus Muema.

Reiterating his remarks, Family Bank CEO, Ms Nancy Njau, stated that the Bank is committed to strengthening its position in the market.

“As we embark on the next phase of growth, we remain committed to building on our achievements while addressing the evolving needs of our customers. Our new strategy places strong emphasis on innovation, digital transformation, customer-centricity, data-driven decision-making, and sustainable growth, all aimed at positioning the Bank as the Preferred Bank for Biashara,” Ms Njau said.

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