Family Bank H1 2014 Financial Results

(Last Updated On: August 6, 2014)

family bank

Family Bank is truly one of the fastest growing banks in Kenya. It recorded a 73.6 percent growth in profit for the first 6 months of 2014. The profit has now grown to sh875 million. The loan book has grown by 43.4 percent to sh33 billion.

The growth has mainly been attributed by increased lending to SMEs and various retail customers. The bank is targeting to open around 10 new branches. Its 76th branch was opened at City Hall Annex.