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HomeDaily NewsMonday, August 24, 2026Family Bank Opens 98th Branch in Upper Hill - August 2026
Business & Economy3 stories from 1 sources

Family Bank Opens 98th Branch in Upper Hill - August 2026

Family Bank has launched its 98th branch in Upper Hill, Nairobi, marking a significant expansion in a key business district. National Bank of Kenya (NBK) reported a 60.5 percent jump in net profit to Sh1.72 billion for the first half of 2026, defying a dip in interest income. Separately, Kenya's pension assets have surpassed Sh3 trillion for the first time, reaching Sh3.17 trillion as of June 2026, representing a 12.66 percent increase over the preceding six months. These developments reflect growth in Kenya's financial sector across banking and pension assets.

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Monday 4:36 PMCapital Business

Family Bank opens 98th branch in Upper Hill

Family Bank opens 98th branch in Upper Hill

Family Bank has launched its 98th branch in Upper Hill, Nairobi, marking a significant expansion in a key business district.

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Key Highlights

Family Bank has launched its 98th branch in Upper Hill, Nairobi, marking a significant expansion in a key business district.

  • The new branch is part of the bank's 2025-2029 strategy focused on growth and improved customer experience.
  • Key figures present at the opening included Family Bank CEO Nancy Njau and Chief Retail Officer Phyllis Kimani.
  • This strategic move aims to better serve corporates, SMEs, and individuals in Upper Hill and surrounding areas.
Monday 2:00 PMCapital BusinessFirst

Kenya’s pension assets up 12.66pc to Sh3.17tn

Kenya’s pension assets up 12.66pc to Sh3.17tn

Kenya's pension assets have surpassed Sh3 trillion for the first time, reaching Sh3.17 trillion as of June 2026. This represents a significant 12.66 percent increase over the preceding six months.

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Key Highlights

Kenya's pension assets have surpassed Sh3 trillion for the first time, reaching Sh3.17 trillion as of June 2026. This represents a significant 12.66 percent increase over the preceding six months.

  • Total pension assets grew by Sh356 billion to Sh3.17 trillion from Sh2.81 trillion in December 2025.
  • Pension schemes, including major Kenyan institutions, are diversifying investments by reducing exposure to government securities and increasing holdings in quoted equities.
  • While government securities remain the largest investment category at Sh1.495 trillion, their share of total assets fell to 46.35 percent from 52.14 percent, while quoted equities rose to 14.37 percent.
Monday 4:53 PMCapital Business

NBK profit jumps 61pc to Sh1.72bn despite lower interest income

NBK profit jumps 61pc to Sh1.72bn despite lower interest income

National Bank of Kenya (NBK) has reported a significant 60.5 percent jump in net profit to Sh1.72 billion for the first half of 2026, defying a dip in interest income.

Read Story

Key Highlights

National Bank of Kenya (NBK) has reported a significant 60.5 percent jump in net profit to Sh1.72 billion for the first half of 2026, defying a dip in interest income.

  • NBK's net profit reached Sh1.72 billion in H1 2026, up from Sh1.07 billion in H1 2025.
  • The bank, now owned by Nigeria's Access Bank, saw interest income decrease by 2.7 percent.
  • Despite lower interest income, NBK expanded its lending by 38.4 percent to Sh61.28 billion.
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