Family Bank and BasiGo have entered into a partnership which will see Kenyans in the Public Service Vehicle (PSV) industry purchase units with up to 90 percent financing.
The deal comes with an extended loan repayment period of not more than 48 months for the purchase
Family Bank’s pretax profit surged by 43.7 percent in the first quarter of 2022 to Ksh.1.05 billion from Ksh.728.8 million that was recorded same period last year.
This was because of Net interest income which increased by 13.5 percent to Ksh.2.05 billion. Operating expenses registered a
Family Bank has inked a Ksh.1.1 billion deal with Eco.business to finance agricultural producers in Kenya.
The deal targets key players in the tea sector.
“The Eco.business Fund has disbursed USD 10 million, approximately Ksh.1.1 billion to its newest partner in Kenya, Family Bank, increasing access to
Family Bank has launched a series of prepaid cards set to allow customers to transact in multiple currencies.
The facility, which will be accessible internationally, targets traders, travelers, diaspora, and business communities to load numerous currencies including the Euro, Yuan and USD.
Speaking during the launch, Family
Family Bank, through the Family Group
Foundation, has set aside Ksh.5 million in partnership with Ada Labs Africa to
provide ICT skills to 100 youth across the country.
The five-month-long training program seeks
to provide skills development in animation, software development, Artificial Intelligence
and data science in order to transform
Family Bank has raised Ksh.4 billion from
the first part of its new corporate bond issuance.
The first tranche of the bond which closed
on June 22 saw solid demand from investors who sunk in Ksh.4.4 billion to beat
the minimum target of Ksh.3 billion.
“On behalf of the Board