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Family Bank: Police are closing in on source of ‘malicious’ report

Family Bank says police are closing in on the source of a malicious report claiming that the bank was about to be put under receivership.

In a paid up advertisement, the bank said the source of the statement has been under investigations by the Directorate of Criminal Investigations.

“We reassure our 1.7 million customers that we are open for business and you can count on us to continue serving you,” reads the statement in part. “Rest assured that we will live up to your expectations.”

The bank said it was in a strong financial position and well within the statutory requirements as governed by Central Bank of Kenya, “a fact that is easily confirmed through the return that we make as required by law.”


“We thank our customers who have stood by us despite the negative messages going round and urge them to continue supporting the bank,” the statements adds.

Family Bank is the second lender to battle such rumours in the past week alone.

Last week, Police launched investigations into the origin of a post on social media that indicated that Prime Bank was not stable and advised the customers to withdraw their money.

The bank on Friday denied the reports and also lodged a complaint with the Banking Fraud Investigation Department (BFID) and the Directorate of Criminal Investigations (DCI).