Family Bank Shareholders Approve Plan to List on the Nairobi Securities Exchange
NAIROBI, Kenya, October 27, 2025 – Family Bank has taken a major step towards joining the Nairobi Securities Exchange (NSE) after shareholders unanimously approved the lender’s plan to list, marking a pivotal milestone in its journey toward achieving Tier One status.
The listing, slated for 2026, will be executed through a listing by introduction a process that enables the bank to list its existing shares for trading on the NSE without issuing new shares or raising additional capital. This move will allow current shareholders to trade their holdings freely, enhancing liquidity and unlocking long-term value.
Speaking during the Bank’s Extraordinary General Meeting (EGM), Family Bank Chairman Lazarus Muema said the approval reflects the bank’s strong fundamentals and years of deliberate strategic planning.
“As a Board, we have taken time to prepare, to build value, and to ensure that when we list, it is from a position of strength,” said Muema. “This listing is not just about prestige but about creating long-term value for our shareholders and positioning the Bank for sustainable growth.”
Mr. Muema added that previous capital-raising efforts had strengthened the Bank’s balance sheet, modernized its infrastructure, and reinforced investor confidence, paving the way for the next phase of expansion.
The announcement follows the successful conclusion of a private placement whose results will be shared once regulatory reporting is finalized.
Family Bank Chief Executive Officer Nancy Njau hailed the shareholder approval as a strong endorsement of the Bank’s strategic direction and operational resilience.
“Our financial position today reflects years of disciplined growth and sound balance sheet management. We have consistently delivered double-digit growth in profitability, maintained strong capital ratios, and improved asset quality,” she noted. “Listing will enhance transparency, strengthen governance, and position us for the next phase of growth as we continue to deliver value to our customers and shareholders.”
With shareholder consent secured, Family Bank will now proceed to seek final approvals from the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA) before the end of 2025 to facilitate its listing on the NSE.
The move marks a significant milestone in the Bank’s transformation journey, underscoring its commitment to growth, governance, and long-term value creation.
