By Fridah Mbuvi, June 11, 2026
Family Bank has officially received regulatory approval from the Capital Markets Authority (CMA) to list on the Nairobi Securities Exchange (NSE), with trading scheduled to begin on June 23, 2026. The move ends the mid-tier lender’s five-year push to go public and introduces a new counter on a bourse seeking fresh investment options.
The listing will be executed through a listing by introduction, meaning the bank will float its existing 1.305 billion issued ordinary shares without issuing new stock or conducting an initial public offering (IPO). As a result, there will be no public subscription window or discounted retail entry, with the main objective being to enhance liquidity for the bank’s estimated 1.2 million shareholders by allowing them to freely trade their shares on the open market. Upon listing, Family Bank will become the 12th commercial bank on the NSE.
The bank is entering the public market from a position of reported financial strength, with Managing Director Nancy Njau highlighting steady performance and capital adequacy. In Q1 2026, Family Bank posted a 52.6 percent rise in Profit After Tax to KSh 1.6 billion, up from KSh 1.0 billion in the same period the previous year. Its total assets grew by 32.3 percent year-on-year to KSh 230.3 billion, supported by KSh 168.2 billion in customer deposits. In 2025, the lender also raised KSh 8 billion through a private placement, exceeding its KSh 6.09 billion target and strengthening its capital buffers for its 2025–2029 strategic plan. Based on over-the-counter valuations of approximately KSh 16 per share, the bank’s expected opening market capitalization is estimated at about KSh 20.8 billion.
The transaction has been supported by Standard Investment Bank (SIB) as lead transaction advisor, PricewaterhouseCoopers (PwC) Kenya as reporting accountant, and Mboya Wangong’u & Waiyaki Advocates as legal advisers.
The listing is expected to have wider implications for Kenya’s banking sector by increasing competition and transparency within the financial markets. Family Bank is positioning itself to strengthen investor confidence and compete more directly with larger institutions such as Equity Bank, KCB Group, and Co-operative Bank. The increased market visibility is also expected to support its regional expansion plans into Uganda, Tanzania, and the Democratic Republic of the Congo, backed by its strengthened capital position.
