NAIROBI, Kenya, Oct 27 – Family Bank will list its shares on the Nairobi Securities Exchange (NSE) next year following shareholder approval, marking a major milestone in the lender’s growth strategy.
The bank said it will list its existing shares for trading without raising new capital, aimed at unlocking liquidity for current shareholders and enhancing long-term value.
“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 Family Bank Board Chairman Lazarus Muema during the lender’s Extraordinary General Meeting (EGM).
“This listing is not just about prestige but about creating long-term value for shareholders and positioning the bank for sustainable growth.”
Muema noted that Family Bank’s capital-raising initiatives over the years have strengthened its balance sheet, modernised infrastructure, and laid a solid foundation for expansion.
The shareholder approval comes as the bank concludes a successful private placement, with results to be announced after completion of regulatory reporting.
Family Bank CEO Nancy Njau said the approval reflected investor confidence in the lender’s strategic direction and financial health.
“Our financial position today reflects years of disciplined growth and prudent balance sheet management,” she said. “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 planned listing will enhance transparency, strengthen governance, and position the lender for its next growth phase.
With shareholder backing, the bank will now seek final approvals from the Central Bank of Kenya and the Capital Markets Authority (CMA) before proceeding with the NSE listing.
