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From Media to Banking, Achievements of Dr. Kiboro as He Exits as Family Bank Chair

May 24, 2024
238 1 minute read
From Media to Banking, Achievements of Dr. Kiboro as He Steps Down as Family Bank Chair
Family Bank Outgoing Board Chairman Dr. Wilfred Kiboro

Dr. Wilfred Kiboro is stepping down as the chairman of Family Bank after having been appointed to the position in 2012.

He is a Kenyan entrepreneur, philanthropist and golfer. He is best known for having been the Group CEO of the Nation Media Group (NMG).

Kiboro is a highly respected personality in the media and business industries in Kenya.

Under the leadership of Dr. Kiboro, Family Bank has scaled the ladder to become among the multibillion-shilling banks in Kenya.

What Has He Done Since 2012

Dr. Kiboro has been instrumental in the achievement of various milestones including extensive expansion of the Bank’s network from 68 branches to 95 branches in 2024.

He oversaw the bank through challenging times such as the COVID-19 Pandemic, and the banking sector crisis in 2016.

Also Read: Arch. Gitau Mungai Replaces Dr. Kiboro as Family Bank Chairman

Under Dr. Kiboro’s chairmanship, the Bank also successfully issued two corporate bonds in 2015 and in 2021, raising Ksh.2 billion and Ksh.4 billion respectively.

Family Bank Balance Sheet Hits $1 Billion Mark

He has overseen the bank’s asset base nascent from Ksh.31 billion in 2012, to Ksh.142 billion in 2023, while profitability grew from Ksh.561 million in 2012 to Ksh.2.5 billion in 2023.

During his tenure, the Bank’s balance sheet hit the $1 billion mark.

To further drive shareholder value, the Bank incorporated Family Bank Bancassurance Intermediary Limited which now contributes significantly to the Bank’s profitability.

He has also been instrumental in the establishment of The Family Group Foundation which has been a catalyst of transformative change through sustainable community investment programmes.

He is handing the mantle to his vice chair, Arch. Francis Gitau Mungai.

From Media to Banking, Achievements of Dr. Kiboro as He Steps Down as Family Bank Chair
Family Bank Outgoing Board Chairman Dr Wilfred Kiboro
May 24, 2024
238 1 minute read
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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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