Family Bank is set to list its shares on the Nairobi Securities Exchange (NSE) next year after receiving shareholder approval, marking a major milestone in the lender’s long-term growth and expansion strategy.
The bank announced that it will list its existing shares for trading without raising new capital — a move aimed at unlocking liquidity for current shareholders and enhancing long-term value.
Speaking during the bank’s Extraordinary General Meeting (EGM), Family Bank Board Chairman Lazarus Muema said the decision comes after years of preparation and strategic investment to strengthen the lender’s foundation.
“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,” said Muema. “This listing is not just about prestige but about creating long-term value for shareholders and positioning the bank for sustainable growth.”
Muema added that Family Bank’s capital-raising initiatives in recent years have boosted its balance sheet, modernised its infrastructure, and supported expansion into new market segments.
The announcement comes shortly after the bank concluded a private placement, whose results will be made public once regulatory reporting is complete.
Family Bank Chief Executive Officer Nancy Njau welcomed the shareholder approval, saying it reflects investor confidence in the lender’s strategy and solid financial position.
“Our financial position today reflects years of disciplined growth and prudent balance sheet management,” said Njau. “We have consistently delivered double-digit profit growth, maintained strong capital ratios above regulatory requirements, and improved asset quality — anchored in our support for SMEs.”
She added that the NSE listing will enhance transparency, corporate governance, and market visibility, positioning Family Bank for its next phase of growth.
Following shareholder endorsement, the lender will now seek final approvals from the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA) before officially listing on the bourse.
