Family Bank profit soars 55.7% as lending activity drives growth
Business
Family Bank profit soars 55.7% as lending activity drives growth
Despite the overall strong performance, loan loss provisions rose sharply from Sh587.5 million in September 2024 to Sh1.361 billion in September 2025, a 131.6 percent increase, reflecting a cautious approach to credit risk. Total operating expenses increased 33 percent to Sh10.24 billion from Sh7.703 billion, partly due to higher loan impairment charges and heightened business activity.
By Chrispho Owuor