Family Bank shareholders have approved the lender’s plan to list on the Nairobi Securities Exchange (NSE), marking a significant milestone in the Bank’s long-term growth journey towards becoming a Tier One Bank.
The listing, expected in 2026, will be by way of introduction, where the Bank will list its existing shares for trading without raising new capital.
This will allow current shareholders to trade their shares freely on the NSE, unlocking liquidity and long-term value.
Family Bank Listing
Speaking during the Bank’s Extraordinary General Meeting (EGM), the Board Chairman, Lazarus Muema, said the approval reflects the Bank’s strong fundamentals and years of strategic preparation.
“As a Board, we have taken time to prepare, to build value and to ensure that when we list, it is from a position of strength. This listing is not just about prestige but about creating long-term value for our shareholders and positioning the Bank for sustainable growth.”
This approval comes as the Bank concludes a successful private placement, the results of which will be released upon completion of the necessary regulatory reporting formalities.
By listing its shares, Family Bank aims to unlock liquidity for current shareholders, enhance corporate governance, and position itself for sustainable growth.
“Over the years, our capital-raising initiatives have been building blocks that have strengthened our balance sheet, modernized our banking infrastructure, and positioned us for the next growth phase. These initiatives have also been a strong vote of confidence by our shareholders.”
Confidence in Family Bank
Family Bank CEO Nancy Njau noted that the shareholder approval reinforces confidence in the Bank’s strategic direction and operational strength.
“Our financial position today reflects years of disciplined growth and sound balance sheet management. We have consistently delivered double-digit growth in profitability, maintained strong capital ratios well above regulatory requirements, and improved our asset quality. This success has been anchored in our commitment to sustainable sectors such as SMEs.”
Njau added that the firm’s success has been anchored in its commitment to sectors such as small and medium-sized enterprises (SMEs), which continue to drive inclusive economic growth in Kenya.
“Listing will not only enhance transparency and governance but also position us for the next phase of our business growth as we continue to deliver value and build confidence among our customers and shareholders.”
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With shareholder approval secured, Family Bank will now seek regulatory clearance from the Central Bank of Kenya and the Capital Markets Authority. These approvals are expected before the end of the year, paving the way for the bank’s shares to begin trading on the NSE in 2026.
About Family Bank
Family Bank is currently the eighth-largest bank in Kenya by branch network, operating 96 branches across 32 counties.
It serves over 1.2 million customers through a network of 6,000 agents and 75,000 merchants.
As of December 31, 2024, the bank reported total assets of Ksh168.5 billion and a deposit base of Ksh126.4 billion.
The bank has also been a pioneer in digital banking, introducing innovations such as paperless banking, mobile banking via PesaPap, and the first mVisa launch in Africa.
These initiatives have positioned Family Bank as a forward-looking institution committed to financial inclusion and technological advancement.
Family Bank’s reputation has been reinforced by numerous industry accolades.
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In 2024, it won the Excellence in Customer Responsiveness award and was ranked the third-best overall bank in Kenya. It also received the Banking on Women Award and the CX Social Impact & Sustainability Service Excellence Award.
Previous recognitions include the 2021 Corporate Bond Campaign award and the 2017 Best SME Bank in Kenya award.
As the bank prepares for its NSE listing, it remains focused on delivering shareholder value, expanding its footprint, and deepening its impact across Kenya’s financial landscape.
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