Fourway Towers, 6th Floor, Muindi Mbingu Street P.O. Box 74145 - 00200, Nairobi, Kenya Tel: 254-2-318173/318940/2/7/0720 098 300 Fax: 254-2-318174 Email:
[email protected] Website: www.familybank.co.ke Our Purpose To enable people create and sustain wealth through access to flexible, affordable financial services. Our Core Values Winning Together within ourselves and with our customers, we work together and we win together Self Belief in ours and our customers’ ability to change the world Transparency our customers will trust and reward us for it Humility it’s not about us, it’s about our customers 2010 ANNUAL REPORT & FINANCIAL STATEMENTS 2 Contents Notice of the Annual General Meeting 4 Corporate Information 5 Board of Directors 6 - 7 Senior Management 8 - 9 Chairman’s Statement 10 - 13 Managing Director’s Statement 14 - 17 Financial Highlights 18 Report of the Directors’ 19 Corporate Social Responsibility Statement 20 - 21 Corporate Governance Statement 22 - 25 Statement of Directors’ Responsibilities 26 Report of the Independent Auditors 27 Statement of Comprehensive Income 28 Statement of Financial Position 29 Statement of Changes in Equity 30 Statement of Cash Flows 31 Notes to the Financial Statements 32 - 50 Branch Network 51 Proxy Form 2010 ANNUAL REPORT & FINANCIAL STATEMENTS 3 NOTICE OF THE ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE ANNUAL GENERAL MEETING OF THE SHAREHOLDERS OF FAMILY BANK LIMITED WILL BE HELD ON FRIDAY 20th MAY 2011, AT KENYATTA INTERNATIONAL CONFERENCE CENTRE (K.I.C.C.) AT 10.00 A.M. TO TRANSACT THE FOLLOWING BUSINESS (A) ORDINARY BUSINESS 1.