Family Bank profit surges to Sh1.6bn on loan income
Nairobi, May 26 -- Family Bank Kenya posted a 52.4 percent jump in net profit for the first quarter of 2026, helped by strong growth in income from loans despite a decline in non-funded income.
The mid-sized lender reported a net profit of Sh1.6 billion in the three months to March, up from Sh1.05 billion in a similar period last year.
It recorded an operating profit of Sh6.94 billion during the review period, representing a 26.6 percent increase from Sh5.48 billion a year earlier, as improved earnings from loans offset weaker performance in fees and commissions.
Most medium to large banks that have published their first quarter performance reported strong growth in earnings as they continue to enjoy healthy margins despite lower inter...
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