Family Bank officially has officially commenced trading of its shares on the Nairobi Securities Exchange (NSE). The Bank becomes the largest private sector listing on the Nairobi bourse in over 17 years.
Family Bank has listed approximately 1.66 billion fully paid ordinary shares on the Main Investment Market Segment (MIMS) of the NSE. At an introduction price of KSh 18.00 per share, this represents an implied market capitalisation of KSh 29.9 billion.
Family Bank listing to create wealth for its shareholders
The Bank listing by way of introduction, allows current shareholders to trade their shares on the NSE. This broadens investor participation and enables the market to establish a fair and transparent price for the Bank’s shares.
“Kenya’s largest banks are Homegrown and today is a celebration of one. This morning, we have witnessed close to KSh 40 billion in wealth created within minutes. This is a remarkable testament to what Kenyan enterprises are capable of,” said Chief Guest Central Bank of Kenya Chairman Andrew Musangi.
The Bank’s decision to list by introduction is underpinned by its strong capital position as it remains well capitalized and does not seek to raise additional capital.
Family Bank listing has boosted image of NSE
In 2025, the Bank conducted a Private Placement Offer which successfully raised KSh 8 billion against an initial target of KSh 6.09 billion, representing a 131% achievement.
“Joining the Nairobi Securities Exchange today marks the beginning of a new chapter defined by enhanced transparency, stronger governance and greater opportunities for value creation for all our stakeholders,” said Family Bank Chief Executive Officer Nancy Njau.
Family Bank Chairman Lazarus Muema described the listing as a defining moment and a reflection of the confidence that shareholders, customers, employees, regulators and the market have placed in the institution over the years.
Family Bank listed by Introduction and not the popular IPO method
“As a Board, we have always supported listing as it enhances the Bank’s profile, strengthens corporate governance, and provides greater liquidity for our shareholders,” said Mr. Muema.
The listing underscores Family Bank’s evolution from a building society into a leading retail-focused financial institution.
“The NSE exists to mobilize capital, facilitate investment and connect promising enterprises with investors seeking opportunities for growth,” said NSE Chairman Kiprono Kittony.
The Family Bank listing lead transaction advisors are Standard Investment Bank (SIB), PricewaterhouseCoopers (PwC) as the reporting accountants and Mboya Wangong’u & Waiyaki Advocates as the legal advisors.
Standard Investment Bank, Job Kihumba, Executive Director, Corporate Finance said, “The listing of Family Bank on the Nairobi Securities Exchange marks a significant milestone for both the institution and Kenya’s capital markets.”
Family Bank Limited is one of Kenya’s largest tier-two banks, with a strong retail and SME banking committed to transforming lives across Africa.
The Bank operates 96 branches across 32 counties, serving over 1.3 million customers, supported by more than 5,000 agents, 148 ATMs and 103,000 merchant partners.
As of 31st December 2025, Family Bank reported total assets of KSh208.7 billion. Deposits were KSh152.4 billion. Family Bank continues to expand its physical and digital banking footprint with innovative services. This includes mobile banking and its digital banking platform, PesaPap.
