Family Bank shareholders have approved the lender’s plan to list on the Nairobi Securities Exchange (NSE) in 2026, moving the bank closer to its goal of becoming a Tier One institution.
The listing will be made by way of introduction, allowing existing shares to be traded without the issuance of new ones. The move will give shareholders the option to trade their holdings freely, thereby increasing liquidity.
Board Chairman Lazarus Muema said the decision follows years of preparation aimed at strengthening the bank’s balance sheet and operational base. He said previous capital-raising efforts have helped modernise systems and support future growth.
The approval follows the conclusion of a private placement, with results expected after regulatory reporting is complete.
Chief Executive Officer Nancy Njau said the vote of confidence from shareholders reflects the bank’s strong financial position and sustained profitability. She said the bank continues to post double-digit growth, maintain capital above regulatory limits, and improve asset quality.
She added that listing on the NSE will improve transparency, governance, and access to capital as the bank enters its next growth phase.
Family Bank will now seek approval from the Central Bank of Kenya and the Capital Markets Authority before proceeding with the listing.
