Family Bank has received shareholder approval to list on the Nairobi Securities Exchange (NSE) in 2026.
The decision was endorsed during the bank’s Extraordinary General Meeting (EGM) held on Monday, paving the way for management to seek regulatory approvals from the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA).
Listing Strategy: Unlocking Liquidity and Long-Term Value
Family Bank plans to list by way of introduction, meaning it will offer its existing shares for trading without raising new capital. This approach allows current shareholders to trade freely on the NSE, enhancing liquidity and unlocking long-term value.
“This listing is not just about prestige but about creating long-term value for our shareholders and positioning the Bank for sustainable growth,” said Board Chairman Lazarus Muema.
“Our capital-raising initiatives have strengthened our balance sheet, modernized infrastructure, and laid the foundation for our next growth phase,” he added.
Private Placement and Strategic Growth
The listing approval follows the conclusion of a successful private placement, with results pending regulatory reporting. The move reflects growing investor confidence in Family Bank’s strategic direction and operational resilience.
“We have consistently delivered double-digit profitability, maintained strong capital ratios, and improved asset quality,” said CEO Nancy Njau. “Our growth is anchored in sustainable sectors like SMEs.”
She emphasised that the listing will enhance transparency, governance, and position the bank for its next phase of expansion.
Regulatory Path Ahead
The bank will now engage CBK and CMA to finalise listing approvals. Once cleared, Family Bank will join other publicly traded lenders on the NSE, reinforcing its commitment to corporate governance and shareholder value.
