Christine Kagendo 
Family Bank Acting Chief Finance Officer Paul Ngaragari, CEO Nancy Njau, Board Chair Lazarus Muema, Company Secretary Eric Murai & PwC Auditor Partner Richard Njoroge during the Bank’s 18th AGM where shareholders approved a KES 1.1 billion dividend pay-out for the 2024 financial year.
- Family Bank Group Shareholders Approves KES.1.1 Billion Dividend Payout;
Family Bank shareholders have approved a KES 1.1 billion, KES 0.85 per Share, dividend pay-out for the 2024 financial year.
The dividends represent a 53% increase from the 2023 pay-out, when shareholders approved a distribution of KES 723 million.
This year’s pay-out follows a 38% surge in profit after tax, which closed at KES 3.4 billion for the year ended 2024.
“As a Bank, we are deeply grateful to our shareholders for their unwavering support and confidence in our decisions as we continue to balance sustainable returns with long-term capital growth as we gear to attain Tier 1 status,” Family Bank Chairman Lazarus Muema.
“As we embark on the next phase of growth, we remain committed to building on our achievements while addressing the evolving needs of our customers.
Our new strategy places strong emphasis on innovation, digital transformation, customer-centricity, data-driven decision-making, and sustainable growth, all aimed at positioning the Bank as the Preferred Bank for Biashara,” she said.
