The Lower Eastern Times Opening The Third Eye
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Family Bank has successfully closed its private placement of ordinary shares, raising Sh8 billion—well above its Sh6.09 billion target—representing an oversubscription of 131 percent.
The bank said the fresh capital will drive its digital transformation, expand lending capacity, and support growth plans both locally and regionally.
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Board Chairman Lazarus Muema said the strong turnout reflects investor confidence in the bank’s strategy and performance.
“This exceptional response signals firm trust in Family Bank’s resilient model, steady profitability, and commitment to supporting the real economy,” he noted, adding that the demand reinforces belief in the bank’s digital shift and inclusive banking agenda.
The offer attracted wide interest from pension schemes, fund managers, insurers, corporates, and individual investors—an endorsement of the bank’s long-term growth prospects.
CEO Nancy Njau said the new capital will boost the bank’s balance sheet and speed up credit to key economic segments.
“The funds strengthen our capital ratios and will fast-track lending to MSMEs, green projects, and women- and youth-led enterprises,” she said. “This raise positions the bank for sustained growth and improved shareholder returns.”
Standard Investment Bank (SIB) acted as the lead transaction advisor and placement agent together with Sterling Capital.
