Family Bank Group has recorded a 52.6% jump in first-quarter Profit After Tax to KES 1.6 billion for the period ended March 31, 2026, from KES 1.0 billion a year earlier. The performance was supported by continued expansion in interest-earning assets and broader income diversification, backed by a robust balance sheet.
The Group recorded a 22.1% increase in total operating income to KES 6.0 billion from KES 4.9 billion, driven by stronger net interest income, which surged 45.4% to KES 4.7 billion from KES 3.2 billion.
Operating costs rose at a slower pace of 7.6% to KES 3.7 billion, mainly due to ongoing investments in technology upgrades and branch network optimisation.
Meanwhile, total assets grew by 32.3% to KES 230.2 billion from KES 174.0 billion, driven by expansion of the loan portfolio, which increased 12.6% to KES 108.3 billion as the bank sustained lending to the private sector.
Customer deposits climbed 27.1% to KES 168.1 billion, reflecting sustained trust in the institution and its services.
Additionally, shareholders’ funds climbed 42.2% to KES 34.7 billion, fueled by a recently completed private placement that achieved a 131% subscription rate, alongside retained capital as the bank advances preparations for its planned listing by introduction on the Nairobi Securities Exchange.
Commenting on the results, Family Bank Chief Executive Officer Nancy Njau said the bank remains focused on strengthening growth, enhancing inclusion, and building long-term value.
“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,” she noted.
The Group continued to maintain strong capital buffers, underscoring its financial resilience and robust balance sheet structure.
Go to TECHTRENDSKE.co.ke for more tech and business news from the African continent and across the world.
Follow us on WhatsApp, Telegram, Twitter, and Facebook, or subscribe to our weekly newsletter to ensure you don’t miss out on any future updates. Send tips to editorial@techtrendsmedia.co.ke
