Family Bank shareholders approve plan to list on NSE in 2026. The lender will list through an introduction, allowing existing shares to trade publicly.
Family Bank shareholders have officially approved the bank’s plan to list its shares on the Nairobi Securities Exchange (NSE) in 2026 through a listing by introduction. This decision marks a significant step for the lender as it prepares to become a publicly traded company.
Following the approval, the bank will now submit the required documents to the Capital Markets Authority (CMA) and the Central Bank of Kenya (CBK) for regulatory clearance.
Unlike a traditional public offering, a listing by introduction allows Family Bank’s existing 1.305 billion shares to be traded publicly without issuing new shares. This approach gives current shareholders liquidity without diluting their ownership.
Board Chairman Lazarus Muema said the decision was made after years of strategic preparation and growth.
“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. This listing is not just about prestige but about creating long-term value for our shareholders and positioning the Bank for sustainable growth.”
Family Bank’s recent performance has reinforced its confidence in the planned listing. In the first half of 2025, the bank recorded a KSh 2.2 billion net profit, representing a 40% year-on-year increase. Total assets stood at KSh 193 billion, while customer deposits reached KSh 149.7 billion.
The bank’s capital adequacy ratio was reported at 15.9%, comfortably above the statutory minimum of 14.5%.
Muema attributed this growth to years of consistent capital-raising and investment in modernisation.
“Our capital-raising initiatives have been building blocks that strengthened our balance sheet, modernised our banking systems, and positioned us for the next growth phase. These moves also reflect shareholders’ confidence in our long-term vision.”
Family Bank CEO Nancy Njau emphasized that the listing aligns with the bank’s long-term strategy of sustainable expansion and transparency.
“Our financial position today reflects years of disciplined growth and sound balance sheet management. We have consistently achieved double-digit profitability, maintained strong capital ratios, and improved asset quality, all anchored in our commitment to supporting SMEs.”
She added that joining the stock market will enhance governance and accountability while strengthening customer and investor confidence.
“Listing will not only enhance transparency but also position us for the next phase of our business growth as we continue to deliver value to our customers and shareholders.”
The listing approval comes shortly after the conclusion of a private placement, whose results will be made public once regulatory reporting is complete. With its steady financial performance and investor backing, Family Bank appears well-prepared for a successful NSE debut in 2026.
