Family Bank Profit Before Tax Jumps To Sh1.1B
Family Bank has recorded a Ksh1.05 billion Profit Before Tax for the first three months of 2022, marking a 43.7% growth in earnings up from Ksh728.8 million recorded in March 2021. The growth was primarily driven by net interest income which increased by 13.5 %...
Banking Sector To Play Key Role In Post-Covid Economic Recovery
The Kenya Bankers Association (KBA) believes that the banking sector will continue to play a key role in steering economic recovery in the wake of adverse economic effects occasioned by the COVID19 pandemic. Speaking during the third and final day of the Kenya Bankers Association...
Family Bank’s Corporate Bond Starts Trading at the NSE
Kiprono Kittony, the NSE Chairman noted, “This oversubscription of the initial bond demonstrates the confidence investors have in Family Bank and affirms the importance of the corporate bond market as a key source of business financing.”
Family Bank To Raise Sh8 Billion To Power Growth
Family Bank targets to raise Ksh4 billion in its first tranche with the balance to be raised within the next five years in various tranches/series. “We are positioning the bank for the second phase of growth as per our 2020-2024 strategy anchored on growth and stability of the bank," says Family Bank CEO Rebecca Mbithi. The banks wants to strengthen its capital base to support lending to micro, small and medium-sized enterprises and heavily invest in technology infrastructure while diversifying its products.
Family Bank Posts 71.3% Net Profit Growth in Q1 2021
“We continue to execute our 2020 – 2024 strategy which positions the bank as a strong SME bank. Our strategy execution is on course, and we remain optimistic that the operating macro-economic environment will improve in the remaining part of the year," noted CEO Rebecca Mbithi.
Family Bank Redeems Ksh2 Billion Medium-Term Note on Maturity
Family Bank has redeemed its five and half years (5 and ½ year) Medium-Term Notes (MTN) worth KES 2.0188 Billion that was due on 19th April 2021. On this maturity date, the bondholders have been paid their principal together with the accrued interest of the final...