Family Bank Kenya has announced plans to list its shares on the Nairobi Securities Exchange (NSE) in 2026.The move aims to improve liquidity for current and prospective shareholders, enhance the tradability of its shares, and raise funds to support the bank’s expansion into underserved counties.
Board Chair Lazarus Muema confirmed that the listing is part of the bank’s five-year strategic plan (2025–2029). Acting CFO Paul Ngaragari noted that while the bank’s capital adequacy ratio stands at a strong 15.8%, it has declined from 16.5%, indicating rapid business growth and the need to boost capital.
As part of its strategic goals, the bank plans to invest over KES 1 billion in upgrading its core banking system over the next 27 months. This transformation will be financed through internally generated cash flows, complemented by support from impact partners focused on digital transformation.
During the reporting period, Family Bank recorded significant growth:
- Deposits rose by 20% to KES 132.2 billion.
- The loan book expanded by 10% to KES 96.2 billion.
- Profit before tax increased by 15% to KES 1.5 billion.
- Net profit reached KES 1 billion, up from KES 900 million the previous year.
It is an announcement that may be the much-needed confidence booster for the Nairobi bourse, which has continued to experience a listing drought.
Family Bank was established in 1984 as Family Bank Building Society with just one branch. It became a fully-fledged commercial bank in May 2007. The Bank is regulated by the Central Bank of Kenya (CBK) and currently operates 95 branches across 32 counties in Kenya.
