Family Bank profit jumps 13pc on higher interest income

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Family Bank towers on Muindi Mbingu Street and Moktar Daddar Street, Nairobi County on March 22, 2023. PHOTO | DENNIS ONSONGO | NMG

Family Bank posted a 13.3 percent jump in net profit to Sh2.5 billion in the year ended December, helped by higher income from lending and transactions.

The lender’s net income rose from Sh2.2 billion a year earlier. The performance saw the company recommend the payment of a first and final dividend of Sh0.56 per share.

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