This archive report was first published on 24 August 2021.
Published on August 24, 2021, Family Bank Limited has reported an 84% rise in Net Earnings to KSh 1.2 Billion at the end of H1, 2021, compared to KSh 638.5 Million posted over a similar period last year.
This impressive performance has propelled Family Bank, a middle-tier lender, into the exclusive billionaires club.
The lender's balance sheet size grew significantly from KSh 86.9 Billion in H1, 2020 to KSh 100.1 Billion at the end of 30th June this year, surpassing the KSh 100 Billion mark for the first time.
Key Financial Highlights ¶
Net loans to customers increased from KSh 55.9 Billion to KSh 64.4 Billion over the period under review, while customer deposits defied a depressed COVID-19 affected economy to hit KSh 76 Billion from KSh 66.7 Billion at the end of June 2020.
Total Shareholders Funds increased to KSh 14.5 Billion from KSh 12.9 Billion at the end of H1, 2020.
Earnings per Share (EPS) improved from KSh 0.50 in H1, 2020 to KSh 0.83 in H1, 2021.
