The institutions was named as the Best Bank in Tier 2 (a category for banks with total assets less than Ksh 20 billion but more than Ksh5 billion) and second runner up in the microfinance sector in the just concluded Banking Awards 2009 held on April 30th, 2009 at a colourful ceremony at the Carnivore Grounds. (click here for photos)

The dramatic achievement by Family Bank coming a year after its conversion from a building society to a fully-fledged commercial bank is an extraordinary milestone that illustrates the great distance the Bank has covered even as it continues to focus on is its core market among the small to medium-income segment of the country’s banking population. "The recognition of Family Bank as one of the leading banks in the country and one of its strongest microfinance banks reemphasizes our commitment to the millions of unbanked Kenyans at the lower end of the market," stated Mr Peter Kinyanjui Chief Executive of Family Bank. "We seek to grow with our customers and this award is really a recognition on the support that our customers have continued to give Family Bank since its inception 25 years ago," says Mr Kinyanjui .

During this year’s awards Family Bank bagged a total of 2 awards-Best Bank in Tier 2 and Second Runner’s Up in Microfinance based on an assessment of its operation and the basis of its financial soundness.

The Banking Survey rankings measure asset quality, liquidity and earnings and beyond technical assessment are measured by commissioned market research examining customer numbers and satisfaction, product offering and innovation, branch distribution and technology application. Celebrating 25 years since its founding in 1984, Family Bank reported an impressive annualized growth of 32.2% for its financial performance for the year ending 31st December 2008.

At the Awards, Ms Rose Ndetho, the Director of Banking Supervision at the Central Bank of Kenya, represented Governor Prof Njuguna Ndung’u and presented the awards to Family Bank at the ceremony.