Family Bank’s entry into the Nairobi Securities Exchange (NSE) has brought its ownership structure into focus, highlighting a broadly diversified shareholder base with no single dominant controlling stake.
The bank’s shareholding is held by institutional investors, nominee accounts, family-linked interests, and retail investors, according to the latest disclosure as of December 2025.
Family Bank’s top ten shareholders collectively control 59.1% of the issued shares, while the remaining 40.9% is held by other investors.
KTDA Leads Family Bank Ownership After NSE Listing
The Kenya Tea Development Agency (Holdings) Ltd emerges as the largest single shareholder with an 18.98% stake.
The estate of Rachael Njeri Muya is the second-largest shareholder, with a 10.05% stake, followed by the Kenyan real estate company Daykio Plantations Limited at 9.53%.
The top three shareholders collectively control 38.56% of the bank.
Other significant holdings include I&M Nominee Ltd A/C 008243, which holds 4.89%, and bank founder Titus Kiondo Muya, who holds 4.42%.
As of 2020, Muya was the single largest shareholder in Family Bank with a 17.3 percent stake. He stepped down as Family Bank Chairman in 2020 after 28 years at the helm of the lender.
Several custodial and nominee accounts, including Equity Nominees Ltd (A/C 00084) and NCBA Custodial Services (A/C 234), account for 2.79% and 2.17%, respectively.
Kenya Orient Life (associated with the Muya family) holds a 2.13% stake, while NCBA Custodial (A/C 325) and Equity Nominees (A/C 00132) hold 2.10% and 2.07%, respectively.
The “Other Shareholders” category holds the largest combined stake at 40.87%.
Also Read: Family Bank Sets KSh18 Per Share Ahead of NSE Listing
Equity Position and Share Capital Breakdown
Family Bank’s shareholders’ equity stood at Ksh 34.77 billion as at March 2026, translating to a book value per share of Ksh 20.91.
Capital structure details indicate that the bank has an authorized share capital of 2.3 billion shares, with a nominal value of Ksh 2.3 billion.
The issued and fully paid-up shares stand at 1,662,654,760, with an equivalent issued share capital of Ksh 1,662,654,760.
Paid-up shares pending allotment, subject to CBK approval, stand at 194,596,517, bringing total paid-up shares to 1,857,251,277.
The bank also has 637,345,240 unissued shares, equivalent to an unissued share capital of Ksh 637,345,240, out of a total authorized share capital of 2.3 billion shares.
The development comes as Family Bank is introduced to the Nairobi Securities Exchange at Ksh 18 per share, giving it an estimated market capitalization of about Ksh 29.9 billion.
The NSE approved the admission of the shares to the Main Investment Market Segment (MIMS) of the NSE by way of listing by introduction.
The shares have not been and will not be registered, offered, or issued in any jurisdiction outside Kenya.
At this valuation, the bank is trading at approximately 4.6 times FY25 earnings and 0.9 times book value.
Investors are also assessing an implied dividend yield of around 6.7%, supported by FY25 earnings per share of Ksh 3.93 and dividend per share of Ksh 1.20.
Also Read: From Being Denied Promotion to Founding Family Bank; Story of TK Muya
Operations, Subsidiaries and Financial Performance
Family Bank has a presence in about 20 locations in Nairobi alone, from its head office on Muindi Mbingu Street to Kenyatta Avenue, Gateway Mall, Gikomba, Kariobangi, Ngara, Westlands, Ruaka, River Road, Kayole, and other Eastlands areas including Utawala, Donholm, and Kasarani.
The bank has three wholly owned subsidiaries that support the group’s financial services, social impact, and digital innovation agenda.
It owns Family Bank Insurance Agency Limited (FBIA), a licensed insurance intermediary providing life, medical, motor, property, and business insurance solutions across Kenya.
It also owns the Family Group Foundation, its corporate social investment arm, which drives initiatives in education, entrepreneurship, financial inclusion, environmental sustainability, and community empowerment.
In addition, Family Bank owns Pesapap Digital Limited, a technology company established to support its digital innovation strategy.
The bank reported a profit after tax of Ksh 1.65 billion for the three months ended 31 March 2026, a 24.5 percent increase from Ksh 1.33 billion recorded in the same period in 2025, driven by strong growth in net interest income.
Shareholders’ funds increased by 44.7 percent to Ksh 34.3 billion, while capital adequacy and liquidity ratios remained well above regulatory requirements.
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