Family Bank has posted strong FY2025 results, with profit after tax rising 55.4% to Sh5.38 billion and total operating income increasing 34.1% to Sh20.18 billion, driven by a sharp 46.1% growth in net interest income to Sh15.63 billion.
The lender also recorded solid balance sheet expansion, with total assets growing 23.8% to Sh208.69 billion and customer deposits rising 19.9% to Sh151.88 billion.
The FY2025 performance shows a notable improvement from FY2024, when the bank reported net profit of Sh3.46 billion, total assets of Sh168.5 billion, and net interest income of Sh10.7 billion. Customer deposits in FY2024 had grown 23.3% to Sh126.5 billion, highlighting consistent deposit growth over the two years.
Speaking on the results, Family Bank CEO and Managing Director Nancy Njau said, “We are proud to have built a customer base of approximately 1.3 million, with many customers benefiting from multiple accounts and a range of products within our ecosystem. Every solution we provide, every engagement we have, is centered on ensuring that both we and our customers win together. One of our key values is winning together.”
“Teamwork is not just a principle for us; it is the foundation of our success. Without it, we would not have achieved what we have today,” she added.
The bank also continued its focus on social impact, investing more than Sh540 million in scholarships, with over 85% of Family Group Foundation beneficiaries successfully transitioning to higher education, including universities and TVET institutions.
“For us, the customer remains central to everything we do, and when our customers benefit, the bank benefits as well,” Njau emphasized.
Family Bank’s CFO, Paul Ngaragari, highlighted the bank’s strategic growth initiatives, saying, “We have recorded 24% asset growth to date. Under the new strategic plan, we are targeting 40% growth in total assets, and in the first year of implementation, we have already achieved approximately 10%.”
He also noted the bank’s successful leveraging of development finance institution funding, securing approximately Sh6 billion for MSME-focused lending, and a Sh8 billion private placement, exceeding the Sh6 billion target.
With strong operational performance, expanding assets, and continued investment in both customers and social initiatives, Family Bank has demonstrated resilience and sustained growth, positioning itself as a leading player in Kenya’s banking sector.
