Family Bank has announced a dividend payout of Ksh.0.85 per share for the 2024 financial year, a 53 percent increase compared to the previous year’s payout of Ksh.723 million.
The uptick in payout comes on the back of a strong financial performance, with the lender posting a 38 percent jump in profit after tax to close the year at Ksh.3.4 billion.
“As a Bank, we are deeply grateful to our shareholders for their unwavering support and confidence in our decisions as we continue to balance sustainable returns with long-term capital growth in our journey toward attaining Tier 1 status,” said Family Bank Chairman Lazarus Muema.
Family Bank CEO Nancy Njau said the lender is keen on leaveraging technology to better serve its clients.
ALso Read: Family Bank Posts Ksh.1.05 Billion Profit in Q1 2025 on Cost Controls
The move, Njau said, will be driven by data for credit decisioning in order to sustain business growth.
“Our new strategy places strong emphasis on innovation, digital transformation, customer-centricity, data-driven decision-making, and sustainable growth, all aimed at positioning the Bank as the Preferred Bank for Biashara,” said Njau.
