Family Bank BuildingFamily Bank has reported a net profit of Sh1.16 billion in the year ended December 31, 2020, up from Sh949 million in 2019. Customer deposits registered a growth of 20.3 per cent to Sh69.76 billion during the period under review. The bank’s liquidity position stood at 37.1 per cent, well above the minimum requirement of 20 per cent. The bank’s net interest income increased from Sh5 billion to Sh6.43 billion year-to-year. As such, we have joined the UN Global Compact and to which we have committed Sh300 million to advance inclusive development.”The bank has restructured loans worth over Sh16 billion.

Source: Standard Digital March 31, 2021 07:26 UTC