Family Bank has received formal approval from the Capital Markets Authority (CMA) to list on the Nairobi Securities Exchange (NSE) through a listing by introduction, marking a major milestone in the lender’s growth journey.
The move will allow existing shareholders to trade their shares on the NSE, increase investor participation, and facilitate transparent market-based pricing of the Bank’s shares.
Listing to Enhance Shareholder Value and Liquidity
Family Bank Managing Director Nancy Njau said the listing aligns with the institution’s long-term vision and commitment to creating value for shareholders.
“Our vision to positively transform people’s lives in Africa has remained unchanged, and this listing will accelerate the realisation of that vision. In line with this ambition, and in our commitment to enhancing shareholder value and improving liquidity, the decision for the Bank to list follows years of strategic preparation to ensure we list from a position of strength,” said Njau.
The Bank noted that the listing by introduction does not involve raising additional capital, citing its strong capital position.
Strong Capital Base Supports Growth Ambitions
Family Bank highlighted that its financial position was strengthened through a successful Private Placement Offer conducted in 2025, which raised KSh8 billion against an initial target of KSh6.09 billion, achieving 131 per cent of the target.
According to the Bank, the capital raise has enhanced its balance sheet and positioned it for sustained expansion under its 2025–2029 strategic plan.
“Through the capital raising initiatives, we have strengthened our balance sheet and remain confident in our strategy, our capital position, and our ability to deliver sustainable growth and long-term value. The Bank is well positioned for growth as per our 2025–2029 strategic plan anchored on being The Preferred Bank for Biashara,” Njau added.
Profit Growth Continues into 2026
Family Bank reported strong financial performance, recording a 55.4 per cent growth in profitability in 2025.
The momentum continued into the first quarter of 2026, with Profit After Tax rising by 52.6 per cent to KSh1.6 billion from KSh1.0 billion recorded during the same period previously.
The Bank attributed the growth to sustained expansion in interest-earning assets, diversified income streams, and a strong balance sheet.
NSE Debut Set for June 23
Following the regulatory approval, Family Bank is scheduled to officially list on the Nairobi Securities Exchange on June 23, 2026.
The Bank said the milestone reflects its commitment to sustainable growth and marks the next phase in its long-term value-creation strategy.
Standard Investment Bank (SIB) acted as the lead transaction advisor, while PricewaterhouseCoopers (PwC) served as reporting accountants and Mboya Wangong’u & Waiyaki Advocates provided legal advisory services.
About Family Bank
Family Bank Limited is among Kenya’s largest tier-two banks with a strong focus on retail and SME banking. The lender operates 96 branches across 32 counties and serves more than 1.3 million customers.
Its network includes over 5,000 agents, 148 ATMs, and 103,000 merchant partners. As of December 31, 2025, the Bank reported total assets of KSh208.7 billion and a deposit base of KSh152.4 billion.
The Bank continues to expand both its physical and digital footprint through innovative services, including mobile banking and its digital platform, Pesa