NAIROBI, Kenya, June 23 – Family Bank has officially listed on the Nairobi Securities Exchange (NSE), introducing 1.66 billion ordinary shares at an introductory price of Sh18 each and valuing the lender at approximately Sh29.9 billion.
The listing marks the largest private-sector debut on the NSE in more than 17 years and allows existing shareholders to begin trading their shares on the exchange.
Unlike an initial public offering (IPO), the listing does not involve raising new capital. Instead, it enables the market to determine the bank’s value through trading while broadening investor participation in the lender.
The debut comes after Family Bank completed an Sh8 billion private placement in 2025, exceeding its original fundraising target of Sh6.09 billion and strengthening its capital base.
Speaking during the listing, Central Bank of Kenya Chairman Andrew Musangi said the move highlights the growth of locally owned financial institutions and their increasing role in Kenya’s capital markets.
He noted that the listing created nearly Sh30 billion in market value and demonstrated the ability of Kenyan enterprises to build significant shareholder wealth.
Family Bank Chief Executive Officer Nancy Njau said the listing would enhance transparency, corporate governance and create new opportunities for shareholders.
The lender, which began as a building society, has grown into a mid-tier commercial bank serving more than 1.3 million customers through a network of 96 branches and digital banking platforms.
NSE Chairman Kiprono Kittony said the admission of Family Bank strengthens Kenya’s capital markets and expands the pool of listed companies available to investors.
The transaction was advised by Standard Investment Bank, with PwC Kenya acting as reporting accountants and Mboya Wangong’u & Waiyaki Advocates serving as legal advisers.
The listing adds another banking counter to the NSE at a time when authorities are seeking to deepen capital markets and attract more investors to the bourse.
