Family Bank records Sh492m half-year net loss

Family Bank headquarters on Muindi Mbingu Street in Nairobi. FILE PHOTO | NMG

Family Bank slipped into the red in the six months to June, weighed down by reduced lending and lower interest income in the wake of the rate caps regime.

The mid-sized bank posted a net loss of Sh492.4 million in the review period compared to a net profit of Sh711.5 million the year before.

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