Family Bank has received the nod from the Capital Markets Authority (CMA) to list on the Nairobi Securities Exchange (NSE) by way of introduction, marking a significant milestone in the lender’s growth journey and opening up its shareholding to broader market participation.

The approval paves the way for the bank’s listing on June 23, 2026, allowing existing shareholders to trade their shares on the NSE while enabling investors to participate in a more transparent and efficient market for the bank’s stock.

Family Bank Managing Director Nancy Njau said the listing aligns with the lender’s long-term vision of transforming lives in Africa and enhancing value for shareholders.

“Our vision to positively transform people’s lives in Africa has remained unchanged and this listing will accelerate the realization of that vision,” Njau said.

She noted that the decision to list follows years of strategic preparation aimed at ensuring the bank enters the market from a position of strength.

“In line with this ambition, and in our commitment to enhancing shareholder value and improving liquidity, the decision for the bank to list follows years of strategic preparation to ensure we list from a position of strength,” she said.

A listing by introduction allows a company’s existing shares to be admitted for trading on the stock exchange without issuing new shares or raising fresh capital from the market. According to the bank, the move is supported by its strong capital position and solid financial performance, eliminating the need for additional capital raising at this stage.

The lender strengthened its capital base in 2025 through a private placement offer that raised Ksh8 billion ($61.8 million) against an initial target of Ksh6.09 billion, achieving 131 per cent of the target.

Njau said the successful capital-raising initiatives had reinforced the bank’s balance sheet and positioned it to execute its long-term growth strategy.

“Through the capital raising initiatives, we have strengthened our balance sheet and remain confident in our strategy, our capital position, and our ability to deliver sustainable growth and long-term value,” she said.

She added that the bank remains focused on implementing its 2025-2029 strategic plan, which is anchored on becoming The Preferred Bank for Biashara. The NSE debut comes on the back of strong earnings growth recorded by the lender over the past year.

Family Bank posted a 55.4 per cent growth in profitability in 2025 and maintained the momentum in the first quarter of 2026, recording a 52.6 per cent rise in profit after tax to Ksh1.6 billion, up from Ksh1.0 billion during a similar period last year.

The bank attributed the performance to sustained growth in interest-earning assets, diversified revenue streams and a strong balance sheet. The upcoming listing is expected to enhance liquidity for shareholders, improve price discovery for the bank’s shares and strengthen its visibility within Kenya’s capital markets.

Industry analysts view the move as a positive development for the banking sector and the NSE, which has been seeking to attract more listings and deepen investor participation.

Family Bank is one of Kenya’s largest tier-two lenders, serving more than 1.3 million customers through a network of 96 branches across 32 counties. The bank also operates over 5,000 agents, 148 ATMs and more than 103,000 merchant partners countrywide.

As of December 31, 2025, the lender reported total assets of Ksh208.7 billion and a deposit base of Ksh152.4 billion.

The bank is advised by Standard Investment Bank as lead transaction adviser, PricewaterhouseCoopers as reporting accountant and Mboya Wangong’u and Waiyaki Advocates as legal advisers.

The June 23 listing is expected to mark a new chapter for Family Bank as it seeks to strengthen its market position, accelerate growth and create long-term value for shareholders.

• A Tell Media / KNA report / By Nyawira Githinji