The Kenya Wall Street

Family Bank Group net earnings hit KSh 510.2 Million

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Family Bank Group posted net earnings of KSh 510.2 Million in Q1 2021 compared to KSh 297.9 Million in Q1, 2020, an increase of 71.2%.

The lender’s pre-tax profit for the first quarter of 2021 was KSh 728.8 Million, compared to KSh 425.6 Million in Q1, 2020.

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The Group’s balance sheet size grew to KSh from KSh 82.5 Billion in Q1,2020 to KSh 94.8 Billion in Q1, 2021, while net loans to customers increased from KSh 53 Billion to KSh 61.3 Billion during the period under review.

Customer deposits grew…

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