Family Bank half-year profit up 17pc on increased interest

Family Bank Chief Executive Nancy Njau during the opening of the bank’s Zion Mall branch in Eldoret town, Uasin Gishu County on July 1, 2024. 

Photo credit: Jared Nyataya | Nation Media Group

Family Bank net profit for the first six months ended June 2024 increased by 17.1 percent to Sh1.65 billion on the back of increased interest and non-interest income.

The lender’s net profit growth from Sh1.41 billion posted in a similar period last year came as net interest income rose by 12.7 percent to Sh4.97 billion and non-interest income grew by 20 percent to Sh2.28 billion.

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