Family Bank posts Sh743m after-tax loss in third quarter

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

Family Bank slipped into the red in the nine months to September, weighed down by lower interest income and reduced lending in the wake of introduction of the rate cap regime.

The mid-sized lender Wednesday posted a loss of Sh743 million compared to a net profit of Sh963 million during a similar period last year.

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