Family Bank is going public. The Capital Markets Authority has cleared the Tier-Two lender to list on the Nairobi Securities Exchange, with its shares set to begin trading on 23 June 2026. It becomes the newest bank on the bourse, joining heavyweights KCB, Equity, and Co-operative Bank on the financial counter.
Crucially, this is a listing by introduction, not an IPO. Family Bank is making its existing shares tradable rather than selling new ones, so no fresh capital is raised at the debut. The mechanism simply hands existing shareholders, long locked into a private register, a public market to buy and sell on, while sparing them the dilution a new share issue would bring.
The bank did its capital-raising in advance. In December 2025, it closed an oversubscribed private placement that pulled in KES 8.004 billion against a KES 6.09 billion target, a 131% subscription that drew fund managers, pension schemes, insurers, and corporates, with Sterling Capital as placement agent. That cash has already padded the balance sheet ahead of the listing, which Standard Investment Bank is advising.
Family Bank in Numbers.
The debut lands on a strong set of numbers. Family Bank closed FY2025 with net profit up 55% to a record KES 5.38 billion, total assets up 23.9% to KES 208.7 billion, and customer deposits up about 20% to KES 151.9 billion. Momentum has carried into 2026: first-quarter net profit jumped 52.6% to KES 1.6 billion, the bank’s strongest quarter on record, while shareholders’ funds swelled 42.2% to KES 34.7 billion on the back of the placement. The board has proposed a dividend of KES 1.20 per share.
It is not all clean. Gross non-performing loans climbed 21.5% to KES 17.56 billion, pushing the NPL ratio to 15.2% from 14.3%, a reminder that the bank’s bread-and-butter SME lending carries real credit risk. Management responded by nearly tripling loan-loss provisions to KES 1.97 billion, a visible balance-sheet-tidying move ahead of the public gaze.
The listing deepens an NSE banking counter that already anchors local investor portfolios, and it advances Family Bank’s stated ambition to break into Kenya’s Tier-One club. For its shareholders, a register still dominated by founder Titus Muya’s family and the Kenya Tea Development Agency, 23 June is the day paper value finally becomes something they can trade.
Also Read: Family Bank Gets Shareholder Nod for Landmark NSE Listing in 2026
