Nation | by Otiato Guguyu
Family Bank posted a 22.4 percent growth in net profits to Sh1.1 billion for the year ending December 2020 courtesy of increased lending despite the coronavirus scourge that hit business.
The lender posted Sh949 million the previous year but says it defied the Covid-19 pandemic by growing its loan book to Sh56.6 billion while supporting customers who saw opportunities despite the difficult year.
Targeted sectors in manufacturing, agribusiness, trade, logistics and technology saw the lender grow interest income from Sh7.1 billion in 2019 to Sh8.8 billion last year…
