Family Bank Shareholders Approve Establishment of Holding Company for Expansion Plans

0 0
Read Time:37 Second

Family Bank shareholders have approved the establishment of a non-operating holding company that will hold shares in Family Bank Kenya and other non-banking subsidiaries, ahead of expansion plans.

“Regional expansion remains a focus for the bank in supporting our business growth and expansion strategy. We are exploring the possibility of expanding our footprint to countries within the East, West, and Central African region,” said Family Bank CEO Nancy Njau.

Advertisements

“This non-operating holding company will allow for capital efficiency, risk management, and the establishment of separate governance structures for both banking and non-banking subsidiaries,” she added.

The approval follows the Annual General Meeting, where shareholders also approved a KES 723 million dividend payout for the financial year ended December 2023.

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

PS Salome Beacco: Decongesting Prisons Among Top Priorities

Sat Jun 15 , 2024
The State Department for Correctional Services has placed a high priority on decongesting the country’s prisons as part of a broader agenda to reform correctional facilities. This announcement was made by Correctional Services Principal Secretary Dr. Salome Beacco during the official commissioning of a gate lodge, perimeter wall, and watch […]

You May Like

Recent Posts

Advertisements