Family Bank Limited – Initiation of Coverage Report
Harnessing momentum to grow value: Listing planned in 2026 Executive Summary We initiate coverage on Family Bank Group, with the fair value estimate of KES 16.54. In 1Q25, the bank posted a +15.4% y/y PAT increase, supported by a 32.4%y/y jump in operating income, with loans up by 10.1% y/y – a commendable performance compared…