Family Bank half-year profit up 39pc to Sh2.3b

Tax efficiency measures propelled Family Bank into a 38.7 per cent jump in profit after tax to Sh2.3 billion for the six months ended June 30, 2025...
✨ Key Highlights
Family Bank reported a significant jump in half-year profit after tax, increasing by 38.7% to Sh2.3 billion for the period ending June 30, 2025. This growth was primarily attributed to effective tax efficiency measures implemented by the bank.
- Profit after tax rose to Sh2.3 billion from Sh1.66 billion in 2024, while profit before tax increased by 26% to Sh2.9 billion.
- The bank's asset base expanded by 21.8% to Sh192.7 billion from Sh158.3 billion in 2024.
- Chief Financial Officer Paul Ngaragari highlighted the strategic utilization of tax provisions, with the bank employing experienced tax experts and reviewing all investment and vendor contracts for tax efficiency.
- Chief Executive Nancy Njau noted that despite falling lending rates, the bank maintained strategic loan disbursements, increasing net interest income by 39.9% to Sh7.0 billion.
- Net loans and advances grew by 10.4% to Sh100.9 billion.
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