Family Bank’s private placement closes with Sh8 billion raised. The offer was oversubscribed by 131%, surpassing the Sh6.09 billion target.
Family Bank has completed its private placement of ordinary shares with impressive results, collecting Sh8 billion against the planned Sh6.09 billion. The offer recorded an oversubscription of 131 percent, showing strong appetite from investors across the market.
The bank said the new capital is expected to power its digital transformation programme, expand lending space, and support ongoing local and regional growth strategies.
Board Chairman Lazarus Muema welcomed the outcome, saying the response shows trust in the bank’s direction and performance.
“This exceptional response signals firm trust in Family Bank’s resilient model, steady profitability, and commitment to supporting the real economy,”
— Lazarus Muema
He added that the level of demand confirms wider belief in the bank’s digital journey and focus on inclusive banking.
The share sale attracted a wide pool of investors, including pension schemes, fund managers, insurance firms, corporates and individual buyers. Management described the participation as a clear vote of confidence in the bank’s long-term ambitions.
CEO Nancy Njau said the new funds will strengthen the bank’s balance sheet and speed up lending to key economic areas.
“The funds strengthen our capital ratios and will fast-track lending to MSMEs, green projects, and women- and youth-led enterprises. This raises positions the bank for sustained growth and improved shareholder returns.”
— Nancy Njau
Standard Investment Bank (SIB) served as the lead advisor and placement agent, working alongside Sterling Capital.
