Family Bank has received a national-scale long-term issuer rating of BBB+(KE) and a short-term issuer rating of A2(KE) with a stable outlook from Global Credit Rating (GCR), underscoring the lender’s growing financial strength and stability ahead of its anticipated listing on the Nairobi Securities Exchange (NSE).
The ratings, which assess both the bank and its subsidiaries, reflect Family Bank’s strengthened position in Kenya’s micro, small and medium-sized enterprise (MSME) sector, supported by solid financial performance, resilient capitalisation and a sustained growth trajectory.
Family Bank Chief Executive Officer Nancy Njau described the rating as a significant milestone for the institution as it continues to execute its long-term growth strategy.
“This rating is a strong endorsement of the progress we have made in strengthening our financial position and executing our aggressive five-year strategy. Our consistent year-on-year growth in profitability, assets and capital strength demonstrates the resilience of our business model and our ability to create sustainable value for all stakeholders,” said Njau.
According to GCR, the bank’s capital, funding and liquidity profile provides a strong foundation for future growth. The agency noted that Family Bank’s GCR Core Capital Ratio improved to 16.9 per cent as of December 2025, up from 15.0 per cent recorded a year earlier.
The rating agency expects the lender’s capitalisation levels to strengthen further to approximately 18 per cent over the next 12 months, driven by improved asset quality, stable funding sources and prudent liquidity management.
Njau said the bank remains committed to strengthening its balance sheet while investing in technology and customer-centric solutions.
“As we continue to invest in digital transformation, enhance customer experience and deepen support for MSMEs, we remain focused on maintaining a strong balance sheet that enables us to support economic growth while delivering long-term returns to shareholders,” she said.
The latest rating comes as Family Bank continues to expand its footprint across the country through both physical and digital channels. The lender currently operates 96 branches in 32 counties, serving more than 1.3 million customers.
Its service network is supported by over 5,000 banking agents, 148 ATMs and more than 103,000 merchant partners nationwide. The bank has also invested heavily in digital banking solutions, including its mobile banking services and the PesaPap digital banking platform.
The GCR rating is expected to boost investor confidence in the lender as it strengthens its position in Kenya’s competitive banking sector and advances its strategic growth ambitions.