Family Bank to pay fat dividend cheque to shareholders

Family Bank owners have approved a KSh 1.1 billion, or KSh 0.83 per Share, dividend pay-out at the its 15th shareholders Annual General Meeting(AGM).

This is after an impressive 2021 full year results that saw the unlisted lender book a KSh 3.3 billion pre-tax profit, a 132 per cent increase in profit better than 2020 full-year financial results.

According to Wilfred Kiboro, these impressive results are attributed to strong 2021 performance due to a strike between good financial performance against trust from customers and the will to stick with the brand for a good return.

According to Family Bank CEO Rebecca Mbithi, the lender has its targets on transforming this bank into a outclass player.
She said that the Bank will have a strong value proposition for our customers and our shareholders. This is backed by our aggressive five-year strategy as we build business operations systems towards Tier 1 status,” she said. In June 2020, Family Bank shareholders approved dividends pay out of KSh 0.24 dividend per ordinary share, a total of KSh 308.9 Million.

ALSO READ: Family Bank Records 131.6% Rise in Earnings to Kes 3.3 Billion in 2021