Lender Begins Trading on Nairobi Securities Exchange Following CMA Approval
Family Bank has officially joined the Nairobi Securities Exchange (NSE), marking a significant milestone in the lender’s four-decade journey and opening a new chapter under the leadership of Managing Director and CEO Nancy Njau.
The listing follows approval by the Capital Markets Authority (CMA), with Family Bank commencing trading through a listing by introduction on 23 June 2026. The move allows existing shareholders to buy and sell shares on the NSE without the bank issuing new shares or raising additional capital. This makes Family Bank one of the latest additions to Kenya’s listed banking sector.
Years of Strategic Preparation
Speaking following the regulatory approval, Nancy Njau said the listing was the result of years of deliberate preparation.
“Our vision to positively transform people’s lives in Africa has remained unchanged and this listing will accelerate the realization of that vision,” she said. The bank noted that the decision to list was made from a position of strength, supported by a solid capital base and sustained financial performance.
Family Bank also emphasized that it does not require fresh capital from the market, having successfully raised KSh8 billion through a private placement in 2025, surpassing its initial target of KSh6.09 billion.
Strong Earnings Momentum
The NSE debut comes against a backdrop of robust financial performance.
Family Bank reported a 55.4 percent increase in profit after tax in 2025, while first-quarter 2026 net profit rose by 52.6 percent to KSh1.6 billion. The growth was supported by expansion in interest-earning assets, a diversified revenue base and continued growth across key customer segments.
The bank’s shareholders’ funds stood at approximately KSh34.8 billion as of March 2026, underscoring its strong capital position ahead of the market debut.
Boost for Kenya’s Capital Markets
Family Bank’s listing is expected to improve liquidity for existing shareholders while increasing investment opportunities on the NSE.
The lender is listing approximately 1.66 billion shares at KSh18 per share, translating to a market valuation of nearly KSh30 billion. Analysts view the transaction as a positive development for Kenya’s capital markets, which have experienced relatively few new listings in recent years.
The listing also strengthens the banking sector’s presence on the exchange, providing investors with exposure to one of Kenya’s fastest-growing mid-tier lenders.
Looking Ahead
Founded in 1984 as Family Finance Building Society before becoming a commercial bank in 2007, Family Bank has evolved into one of Kenya’s most recognizable banking brands. Today, the lender serves individuals, SMEs and corporate clients across the country.
With its shares now publicly traded, Family Bank enters a new phase that will place greater emphasis on transparency, governance and shareholder value creation. Under Nancy Njau’s leadership, the bank is positioning itself for sustained growth as it executes its long-term strategy and deepens its role within Kenya’s financial sector.