Family Bank’s profit rises 22.39% despite COVID-19 headwinds

Family Bank posted a 22.39 per cent rise in net profit despite the pandemic related disruptions that have hit borrowers resulting in an increase in loan repayments in the banking industry. Despite this, the Group recorded an 11.4 per cent reduction in net non-performing loans to $35.9 million. Stephen Ngugi, Chief Financial Officer, Family Bank joins CNBC Africa for more.

Thu, 22 Apr 2021 11:35:44 GMT
Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.