Family Bank Group has reported a 52.6% increase in Profit After Tax to Sh1.6 billion for the first quarter ended March 31, 2026, up from Sh1.0 billion recorded during a similar period last year.
The strong performance was driven by sustained growth in interest-earning assets and diversified income streams, supported by a strong balance https://x.com/FamilyBankKenya/status/2059147648590827575?s=20sheet.
The Total operating income surged by 22.1% to Sh6.0 billion from Sh4.9 billion in the period under review. This was attributed to improved Net interest income, which rose by 45.4% to Sh4.7 billion from Sh3.2 billion.
The group’s total operating costs increased by 7.6% to Sh3.7 billion, due to continued investment in technology and branch optimization.
Read Also: TECNO Cuts Costs for SMEs, Students & Families With AI
Sprite, Safaricom Celebrate Kenya’s Freshest Young Creators
Total assets grew by 32.3% to Sh230.2 billion, up from Sh174.0 billion, driven by a 12.6% jump in the loan book to Sh108.3 billion as the bank continues to deploy Credit to the private sector.
Customer deposits expanded 27.1% to KES 168.1 billion, demonstrating sustained market confidence and service excellence.
Additionally, Shareholders’ funds surged 42.2% to Sh34.7 billion, backed by the recently concluded Private placement, which was subscribed by 131%, and capital retention as the Bank finalizes preparations for its upcoming listing by introduction on the Nairobi Securities Exchange.
“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 Nancy Njau, Chief Executive Officer, Family Bank.
The group maintained strong capital buffers, reinforcing its financial stability and robust balance sheet structure.
