Family Bank shareholders have approved the lender’s plan to list its shares on the Nairobi Securities Exchange in 2026 through a listing by introduction.
The bank will now prepare regulatory submissions to the Capital Markets Authority and the Central Bank of Kenya.
A listing by introduction will allow the bank’s existing 1.305 billion shares to begin trading publicly without issuing new shares.
This provides liquidity for shareholders while avoiding the immediate dilution of their ownership stakes that would occur if new shares were sold.
Speaking during the EGM, Board Chairman Lazarus Muema said the decision reflects long-term preparation and strategic positioning.
“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.”
The bank’s confidence aligns with recent financial performance. Family Bank reported net profit of about KSh 2.2 billion in the first half of 2025, representing roughly 40% year-on-year growth. Assets reached approximately KSh 193 billion and customer deposits stood near KSh 149.7 billion over the same period. The bank’s capital adequacy ratio was reported at around 15.9%, above the statutory minimum requirement of roughly 14.5%.
Muema noted that past funding moves helped create the current balance sheet profile:
“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.”
The listing approval follows the conclusion of a private placement. The bank said results will be released once regulatory reporting is completed.
CEO Nancy Njau said the listing aligns with the bank’s ongoing growth strategy.
“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.”
“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.”
