Annual REPORT

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CHAIRMAN’S STATEMENT (Continued) ANNUAL <strong>REPORT</strong> AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 Corporate Social Responsibility (CSR) In 2015, Family Bank continued to reaffirm and demonstrate leadership in CSR initiatives. The Bank attributes its success to the support that we continue to receive from our shareholders and customers. The Bank is committed to supporting worthy causes and projects from various sectors in the areas of sports, education, healthcare and community empowerment as follows: Family Bank MD- Peter Munyiri takes a maiden ride with KNH CEO - Lily Koros during the unveilling of the Kshs 4.3 Million Children’s playground facility at the Kenyatta National Hospital. Sports · Family Bank continues to reassert its credentials in the sporting arena through sponsorship of the annual Family Bank Eldoret Half Marathon to nurture young upcoming athletes. Since its launch in 2007, the Half Marathon has produced talented world beaters who have gone to win international marathons. In the year 2015 the Bank upped its investment to Ksh 10 Million towards this initiative that saw over 1000 athletes participate in the Eldoret Marathon. During the year, the Bank also sponsored golf at Eldoret Club, with the day dubbed, “Family Bank Golf Day”. Athletes starting off during the 9th edition of the Family Bank Eldoret half Marathon. Education · Family Bank appreciates the role played by education in the society and the Kenyan Economy at large. “The Education Scholarship Fund” launched in 2012 continues to support bright but very needy children access quality education. The fund is currently sponsoring over 300 students in paying school and boarding fees. Early in the year the Bank teamed up with our associated Companies, Kenya Orient Insurance Limited and Daykio Plantations through the “The Family Bank Group Foundation” and donated Ksh20Million towards the Beyond Zero Campaign championed by the First Lady and participated in the First Lady Half Marathon. The Foundation is the philanthropic arm formed in partnership with Family Bank, Kenya Orient Insurance Ltd and Daykio Plantations Ltd. · In 2015 we also supported Starehe Girls Centre during their fund-raising initiatives which included a Charity Golf event at Windsor Country Club. 12
CHAIRMAN’S STATEMENT (Continued) ANNUAL <strong>REPORT</strong> AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 Health Care Support Family Bank MD- Peter Munyiri with Master Abraham Andaje and Bernard Chitai, Form 1 students at Bungoma High School supported by Family Group Foundation. The Bank’s Executive Committee members visited the children’s Cancer Ward at Kenyatta National Hospital to encourage the children and made a cash donation to the Ward. During this visit the Bank handed over a Ksh 4.3 Million Children playground facility – a project of the Bank in support of the children suffering from Cancer - to the Kenyatta National Hospital. We are optimistic that this partnership will continue to provide comfort and alleviate some of the challenges facing the Health Sector in Kenya. Community Empowerment · In 2015, as has happened in previous years all the branches and departments participated in a CSR activity within their localities. All these community welfare participation events have highly profiled the Bank and has been a stepping stone for mutually beneficial business relationships. Dividend The Bank appreciates the need to maximize shareholder value by paying dividend as well as retaining adequate reserves for re-investing back to support the ambitious growth strategy as well as meeting the statutory capital ratios. The Board is proposing a dividend of Ksh 0.50 per share the same as in 2014. The Dividend payment in the last 5 year is as indicated below. 1. 2011 – 0.40 (Kshs – 96,836,977) 2. 2012 – 0.40 (Kshs – 111,399,054) 3. 2013 – 0.40 (Kshs – 222,809,346) 4. 2014 – 0.50 (Kshs – 622,593,598) 5. 2015 – 0.50 (Kshs – 622,593,598) 13
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Annual REPORT

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