• Family Bank will hold an extraordinary shareholders’ meeting on October 27, 2025, to approve its listing on the Nairobi Securities Exchange.

• The direct listing aims to boost share liquidity and enhance financial transparency without raising new capital.

• The move follows strong half-year results, with a 40% rise in net profit to 2.5 billion shillings.

Family Bank, one of Kenya’s most active mid-tier lenders, is preparing to take a major step by listing its shares on the Nairobi Securities Exchange (NSE). The bank has called an extraordinary shareholders’ meeting for October 27, 2025, to vote on the proposal.
The plan involves a direct listing, allowing existing shares to be traded publicly without issuing new ones. The objective is to improve liquidity for current shareholders and strengthen transparency through the NSE’s disclosure requirements.

This move comes as Family Bank posts robust financial results. In the first half of 2025, it recorded a net profit of 2.5 billion Kenyan shillings ($19.3 million), up nearly 40% year-on-year. Its net interest income reached 9.7 billion shillings, driven by growth in both credit and non-interest revenue. Customer deposits rose 26% to 150 billion shillings, while total assets climbed to about 193 billion, according to unaudited financial statements as of June 30, 2025.
The bank maintains a solid balance sheet, with a total capital ratio of 15.9%, above the regulatory minimum though slightly below the 16.6% reported a year earlier. Its liquidity ratio stands at 53%, well above the required 20%. However, non-performing loans remain a challenge at 14.1%, still high but below the sector average.

The planned listing aligns with the bank’s 2025–2029 strategic plan, which includes a restructuring into a holding company, regional expansion across East and Central Africa, and a one-billion-shilling investment in digital transformation. The goal is to join Kenya’s top-tier banks by 2029.

For now, Family Bank has no immediate plans to raise fresh capital but has not ruled out a future initial public offering (IPO) if market conditions are favorable. If approved, it would become the first major Kenyan bank to list on the NSE in several years a positive signal for a market eager for new listings.