Family Bank Group has reported a 15.4% increase in Profit Before Tax (PBT) to KES 1.5 billion for the first quarter of 2025, up from KES 1.3 billion during the same period last year. This strong performance was driven by sustained growth in interest income, a resilient balance sheet, and disciplined cost management.
Total assets grew by 19.2% to KES 174.0 billion, supported by a 10.1% expansion in the loan book to KES 96.2 billion and a 3.3% rise in investment in government securities.
Net interest income rose by 32.6% to KES 3.2 billion, buoyed by a 50.6% increase in interest income from government securities and a 14.1% rise in loan interest income. Non-funded income also grew by 32.1%, attributed to increased transaction volumes, expanded digital capabilities, and enhanced product uptake. Notably, over 90% of customer transactions were conducted via digital platforms during the period. The Bank’s Bancassurance business also recorded significant growth as part of its ongoing diversification strategy.
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Speaking at the Bank’s investor briefing, Family Bank CEO Nancy Njau attributed the strong first-quarter results to the Bank’s continued focus on strategic execution and customer-centric innovation.
“This is the first quarter under our new strategic plan, and these results reflect our strategic clarity and the strength of our customer relationships. We remain focused on delivering sustainable long-term value for our shareholders,” said Ms. Njau.
She added:
“Our 2025–2029 strategy is anchored on innovation, digital transformation, customer-centricity, data-driven decision-making, and sustainable growth. We are positioning Family Bank as the Preferred Bank for Biashara, with a sharpened focus on retail and SME segments to meet our customers’ evolving financial needs.”
Customer deposits grew by 19.8% to KES 132.3 billion, driven by the Bank’s branch optimization efforts and continued investments in digitization and customer experience enhancements to broaden access to financial services.
Operating expenses increased by 41.5%, mainly due to a 59.6% rise in loan loss provisions and a 10.9% growth in staff costs. The increase in staff costs was linked to branch optimization and ongoing investments in employee training and capacity development.
Core capital stood at KES 15.9 billion, up from KES 14.0 billion, with a core capital ratio of 13.22%, well above regulatory requirements. The liquidity ratio remained strong at 46.9%, reinforcing the Bank’s solid financial position and ability to meet short-term obligations.
