Family Bank shareholders greenlight lender's historic listing
Family Bank Chair Lazarus Muema, CEO Nancy Njau, Chief Legal Officer Eric Murai during an Extraordinary General Meeting, where shareholders approved the planned listing of the Bank on the Nairobi Securities Exchange in 2026 through way of introduction.
The shareholders of Family Bank have given the greenlight for the lender to list on the Nairobi Securities Exchange (NSE) next year, marking a historic moment for the financial institution’s push to evolve into Tier One bank.
The approval was endorsed on Monday following Family Bank's Extraordinary General Meeting (EGM), allowing the management to seek the necessary approval from industry regulator, the Central Bank of Kenya and the Capital Markets Authority.
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Family Bank's listing is expected in 2026 by way of introduction, where the lender will list its existing shares for trading without raising new capital.
In a statement, the bank said this strategy will allow current pool of shareholders to trade their shares freely on the Nairobi bourse, thereby unlocking liquidity and long-term value.
Speaking during the Bank’s Extraordinary General Meeting (EGM), the Board Chairman Lazarus Muema said the approval reflects the lender’s strong fundamentals and years of strategic preparation.
“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. This listing is not just about prestige but about creating long-term value for our shareholders and positioning the Bank for sustainable growth,” he said.
“Over the years, our capital-raising initiatives have been building blocks that have strengthened our balance sheet, modernized our banking infrastructure, and positioned us for the next growth phase. These initiatives have also been a strong vote of confidence by our shareholders,” added Mr. Muema.
Private placement
The approval by Family Bank shareholders comes as the lender concludes a successful private placement, the results of which will be released upon completion of the necessary regulatory reporting formalities.
CEO Nancy Njau noted that the shareholder approval reinforces confidence in the lender's strategic direction and operational strength.
“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 well above regulatory requirements, and improved our asset quality. This success has been anchored in our commitment to sustainable sectors such as SMEs,” she said.
“Listing will not only enhance transparency and governance but also position us for the next phase of our business growth as we continue to deliver value and build confidence among our customers and shareholders,” she noted.
