Tier 2 lender Family Bank has received the green light from its shareholders to list its shares on the Nairobi Securities Exchange (NSE) in 2026. The approval was granted during its virtual Extraordinary General Meeting (EGM) held on October 27, 2025.
The commercial lender plans to join the bourse via a non-capital route – listing by introduction, allowing existing shares to trade without raising new capital. Currently, Family Bank has 1.3 billion shares, with the top ten shareholders owning 1.1 billion shares, translating to 63.2% of the total.
According to the bank, the move is set to unlock liquidity and support its strategy to grow into a Tier-1 lender. Family Bank is a mid-tier bank with a market share of 2.2%. It is Kenya’s eighth-largest bank by branch network, with over 98 branches nationwide, serving more than 1.2 million customers, 6,000 agents, and 75,000 merchants.
Family Bank will be the third bank to join the NSE by introduction after Equity Bank in 2006 and Bank of Kigali Plc in 2018. The lender’s listing will mark a significant milestone at the NSE and in Kenya’s capital markets, joining the existing 11 banks at the Nairobi bourse. Family Bank’s listing aligns with its five-year strategic plan.
Family Bank H1 2025 Results
In the first six months ended June 30, 2025, Family Bank recorded a stellar performance with net profit rising 38.6% to KES 2.3 billion from KES 1.7 billion in a similar period last year, mainly driven by growth in net interest income. Loans edged up by 10.4% to KES 100.9 billion, while deposits increased 26% to 148.9 billion. Total assets expanded by 22% to 192.9 billion. During the period under review, liquidity stood at 53.1%, more than double the minimum statutory requirement set by the Central Bank of Kenya (CBK).
Listing is subject to approval from the relevant regulatory authorities.
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