FAMILY BANK LISTING ON NSE APPROVED

Family Bank shareholders have approved the lender’s plan to list on the Nairobi Securities Exchange (NSE), marking a significant milestone in the Bank’s long-term growth journey towards becoming a Tier One Bank.
The listing, expected in 2026, will be by way of introduction, where the Bank will list its existing shares for trading without raising new capital.
This will allow current shareholders to trade their shares freely on the NSE, 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 Bank’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.”
This approval comes as the Bank concludes a successful private placement, the results of which will be released upon completion of the necessary regulatory reporting formalities. By listing its shares, Family Bank aims to unlock liquidity for current shareholders, enhance corporate governance, and position itself for sustainable growth.
“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.”