Family Bank to List on Nairobi Exchange in 2026 Amid Expansion Drive
TLDR
- Family Bank Kenya plans to list on the Nairobi Securities Exchange (NSE) in 2026
- The move is move aimed at improving share liquidity, raising growth capital, and supporting expansion into underserved counties
- To modernize operations, the bank will invest over KES 1 billion to upgrade its core banking system over the next 27 months
Family Bank Kenya plans to list on the Nairobi Securities Exchange (NSE) in 2026, a move aimed at improving share liquidity, raising growth capital, and supporting expansion into underserved counties.
The planned listing is part of the bank’s 2025–2029 strategic plan. Board Chair Lazarus Muema confirmed the decision, while Acting CFO Paul Ngaragari cited a strong but declining capital adequacy ratio—down from 16.5% to 15.8%—as a sign of accelerated growth requiring fresh capital.
To modernize operations, the bank will invest over KES 1 billion to upgrade its core banking system over the next 27 months, funded through internal cash flows and digital transformation-focused partners.
In its latest reporting period, deposits rose 20% to KES 132.2 billion, the loan book grew 10% to KES 96.2 billion, profit before tax increased 15% to KES 1.5 billion, and net profit climbed to KES 1 billion, up from KES 900 million.
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Key Takeaways
Family Bank’s IPO could break the prolonged listing drought at the Nairobi Securities Exchange, restoring market confidence amid recent low activity. The move positions the bank to raise capital for branch expansion and digital upgrades, while giving investors exposure to a mid-tier lender with strong earnings growth. With 95 branches in 32 counties, Family Bank is focusing on financial inclusion by targeting underbanked areas. The listing also aligns with efforts by regulators and market players to deepen Kenya’s capital markets and attract private sector participation. If executed successfully, the deal could set a precedent for more financial institutions to seek public listings as a route to scale.
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