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Family Bank has officially joined the Nairobi Securities Exchange (NSE), listing 1.66 billion ordinary shares at an introductory price of Sh18 each, giving the lender an estimated market value of Sh29.9 billion.
The move represents the biggest private-sector listing on the NSE in more than 17 years and allows the bank’s existing shareholders to freely trade their shares on the stock market.
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The listing is not an initial public offering (IPO) since the bank is not raising fresh capital. Instead, it provides an opportunity for the market to determine the value of the company through trading while expanding ownership among investors.
The NSE debut follows the successful completion of Family Bank’s Sh8 billion private placement in 2025, which surpassed its initial fundraising target of Sh6.09 billion and further strengthened the bank’s capital position.
Speaking during the listing ceremony, Central Bank of Kenya Chairman Andrew Musangi said the milestone reflects the growth and maturity of locally owned financial institutions and their increasing contribution to Kenya’s capital markets.
He noted that the listing had created close to Sh30 billion in shareholder value, demonstrating the potential of Kenyan businesses to generate significant wealth for investors.
Family Bank Chief Executive Officer Nancy Njau said joining the NSE would boost transparency, strengthen corporate governance and unlock greater value for shareholders.
Founded as a building society, Family Bank has since grown into a mid-sized commercial bank with more than 1.3 million customers served through 96 branches and digital banking channels.
NSE Chairman Kiprono Kittony said the listing enhances the country’s capital markets by increasing the number of companies available for investors to trade.
The transaction was overseen by Standard Investment Bank as transaction adviser, while PwC Kenya acted as reporting accountants and Mboya Wangong’u & Waiyaki Advocates served as legal advisers.
Family Bank’s entry into the bourse adds another banking stock to the NSE as efforts continue to deepen Kenya’s capital markets and attract more local and foreign investors.
