NAIROBI, Kenya, June 25 – Shareholders of Family Bank will obtain a complete of Sh1.1 billion in dividends after approvals.
Each 2024 share is equal to Sh0.85, the lender introduced.
This represents a 53 p.c improve from the 2023 payout, when shareholders permitted a distribution of Sh723 million.
The increment comes on the again of a 38 p.c surge in revenue after tax, which closed at Sh3.4 billion for the yr ended 2024.
“As a Bank, we’re deeply grateful to our shareholders for his or her unwavering help and confidence in our selections as we proceed to stability sustainable returns with long-term capital progress as we gear to realize Tier 1 standing,” Family Bank Chairman Lazarus Muema stated.
On her half, Family Bank CEO Nancy Njau said that the financial institution is dedicated to strengthening its place available in the market.
“Our new technique locations robust emphasis on innovation, digital transformation, customer-centricity, data-driven decision-making, and sustainable progress, all geared toward positioning the Bank because the Preferred Bank for Biashara,” she stated.
