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 Apr 22 2021 | 11:35:44 GMT+0000 (Coordinated Universal Time)


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