Family Bank Group has reported a 52.6% increase in Profit After Tax to KES 1.6 billion for the first quarter ended March 31, 2026, up from KES 1.0 billion recorded during a similar period last year.
The strong performance was driven by sustained growth in interest-earning assets and diversified income streams, supported by a strong balance sheet.
The Total operating income surged by 22.1% to KES 6.0 billion from KES 4.9 billion in the period under review. This was attributed to improved Net interest income, which rose by 45.4% to KES 4.7 billion from KES 3.2 billion.
The group’s total operating costs increased by 7.6% to KES 3.7 billion, due to continued investment in technology and branch optimization.
Total assets grew by 32.3% to KES 230.2 billion up from KES 174.0 driven by a 12.6% jump in loan book to KES 108.3 billion as the bank continues to deploy Credit to the private sector.
Customer deposits expanded 27.1% to KES 168.1 billion, demonstrating sustained market confidence and service excellence.
Additionally, Shareholders’ funds surged 42.2% to KES 34.7 billion, backed by recently concluded Private placement which was subscribed by 131% and capital retention as the Bank finalizes preparations for its upcoming listing by introduction on the Nairobi Securities Exchange.
“Our first quarter results reflect the resilience of our business model and our commitment to delivering sustainable value to shareholders and customers alike. The continued growth in profitability, assets, and capital strength demonstrates the effectiveness of our long-term strategy as we position the Bank for sustained growth and stability. We remain focused on deepening financial inclusion, accelerating digital transformation, and creating long-term value for all our stakeholders,” said Nancy Njau, Chief Executive Officer, Family Bank.
The group maintained strong capital buffers, reinforcing its financial stability and robust balance sheet structure.