Family Bank Limited’s shares began trading on the Nairobi Securities Exchange (NSE) on Tuesday, bringing to a close a long-running listing process through listing by introduction.
The lender’s formal admission to the Main Investment Market Segment of the NSE has ended the regulatory journey that began in July last year.
The bank has listed 1,662,654,760 issued and fully paid-up ordinary shares with a par value of Sh1.00 each, at an introduction price of Sh18.00 per share.
Family Bank raised no fresh capital through today’s debut, as listing by introduction does not involve issuing new shares.
The move, however, gives existing shareholders a regulated and transparent market on which to trade their holdings, thereby unlocking liquidity rather than raising capital for expansion.
“The decision to list by way of introduction has been both deliberate and strategic, aimed at enhancing shareholder liquidity, deepening market transparency, and positioning the bank more firmly within the public markets as it advances its growth agenda,” said Lazarus Muema, Chairman of the Family Bank Board.
The year-long regulatory process began in July 2025, when the board approved the proposed listing before shareholders endorsed it at the bank’s Annual General Meeting in October. The process then moved to the Capital Markets Authority (CMA), which granted approval on April 30, followed by the NSE’s approval on May 19.
The Central Bank of Kenya issued its Letter of No Objection on June 4, while the shares were uploaded into the Central Depository System (CDS) on June 19, four days ahead of the bell-ringing ceremony.
Standard Investment Bank Limited served as lead transaction adviser, PricewaterhouseCoopers as reporting accountant, and Mboya Wangong’u & Waiyaki Advocates as legal advisors, with Family Bank itself acting as the share registrar.
At listing, 34.5 percent of the ordinary shares will be fully dematerialised and uploaded into the Central Depository and Settlement Corporation (CDSC) system ahead of trading, with all shares ranking equally.
Family Bank traces its roots back to 1984, when it was established as Family Finance Building Society. It converted into a fully-fledged commercial bank in 2007, and has since grown into a network of 96 branches across 32 counties, with more than 5,000 banking agents and 103,000 merchants, serving over 1.3 million customers countrywide.
Tuesday’s debut makes Family Bank the NSE’s 12th listed banking counter, joining lenders such as Equity Group, KCB Group, NCBA, and DTB Group on the market.
Family Bank’s 2025–2029 strategic plan is designed to position it as “The Preferred Bank for Biashara”, anchored on compelling customer propositions, productivity and efficiency, as well as digitisation and data utilisation.
– By Daniel Kamau
