Family Bank Ltd
With You. For Life
With You. For Life
Family Bank Ltd is a renowned commercial bank in Kenya, operating under the regulation of the Central Bank of Kenya (CBK) and a member of the Kenya Deposit Insurance Corporation. With a customer base of over 1.7 million and a network of 93 branches, it has demonstrated substantial growth since its establishment in 1984.
One of the bank's notable achievements is being the pioneer in introducing paperless banking through smart card technology in Kenya. In 2015, Family Bank reported its highest ever earnings, reaching nearly Ksh3 billion, attributing this success to increased lending to SMEs, deposit growth, and new business lines.
The bank has received various awards, including the 'Fastest Growing Bank' and recognition for its innovative marketing campaigns. Its growth strategy focuses on providing a wide range of services, including retail and consumer products, SME, agribusiness, corporate banking, trade finance, and insurance products. Additionally, the bank is maximizing the opportunities offered by the devolved governance structure in Kenya to further its business growth.
Most recently, the bank secured a KES805.00M debt financing investment on 06 February 2024, with eco.business Fund as the investor. Family Bank's commitment to innovation and its strong financial performance make it a compelling investment opportunity in the evolving financial landscape of Kenya.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Debt Financing | KES805.00M | 1 |
|
06 Feb 2024 |
| Debt Financing | $30.00M | 1 | African Development Bank | 21 Mar 2023 |
| Private Equity Round | $14.30M | 3 |
|
19 Oct 2010 |
No recent news or press coverage available for Family Bank Ltd.
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