Family Bank has reported a 52.6 per cent increase in profit after tax for the first quarter ended March 31, 2026, posting Ksh1.6 billion ($12.336 million) profit compared to Ksh1.0 billion ($7.710 million) recorded during a similar period last year.

(Current exchange rate: $1 = Ksh129)

The lender attributed the strong performance to sustained growth in interest-earning assets, diversified income streams and a strong balance sheet.

According to the bank, total operating income rose by 22.1 per cent to Ksh6 billion from Ksh4.9 billion recorded in the corresponding period last year.

Net interest income grew by 45.4 per cent to Ksh4.7 billion from Ksh3.2 billion driven by expansion in lending activities and increased earnings from interest-generating assets.

The group’s total operating costs increased by 7.6 per cent toKsh3.7 billion as the bank continued to invest in technology and branch optimisation to enhance service delivery and operational efficiency.

Family Bank’s total assets expanded by 32.3 per cent to Ksh230.2 billion from Ksh174.0 billion recorded in the same period last year.

The bank’s loan book grew by 12.6 per cent to Ksh108.3 billion as the lender continued to extend credit to the private sector to support economic growth. Customer deposits also increased by 27.1 per cent to Ksh168.1 billion, reflecting growing customer confidence in the bank’s products and services.

Shareholders’ funds rose by 42.2 per cent to Ksh34.7 billion following a recently concluded private placement that was oversubscribed by 131 per cent, alongside capital retention measures.

The bank is also finalising preparations for its planned listing by introduction at the Nairobi Securities Exchange.

Family Bank Chief Executive Officer Nancy Njau said the first quarter results demonstrate the resilience of the bank’s business model and its commitment to delivering long-term value to shareholders and customers.

“Our first quarter results reflect the resilience of our business model and our commitment to delivering sustainable value to shareholders and customers alike,” Njau said.

She noted that the continued growth in profitability, assets and capital strength underscores the effectiveness of the bank’s long-term strategy.

“We remain focused on deepening financial inclusion, accelerating digital transformation and creating long-term value for all our stakeholders,” she added.

The lender said it maintained strong capital buffers during the period, reinforcing its financial stability and strengthening its balance sheet position.

• A Tell Media / KNA report / By Anita Kariuki