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Family Bank Limited, one of the country’s fastest-growing mid-tier lenders, founded by Kenyan tycoon Titus Kiondo ‘TK” Muya, has received the green light from its shareholders to list on the Nairobi Securities Exchange (NSE) in 2026.
The approval, reached at an extraordinary general meeting (EGM) on Monday, allows the bank’s management to begin formal talks with the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA) on the next steps. The move caps almost forty years of growth for a lender that began as a small building society before turning into one of Kenya’s most visible mid-tier banks.
Listing to widen access and improve visibility
Family Bank plans to list by introduction, meaning no new shares will be issued and no fresh capital will be raised. The move will instead make it easier for shareholders to trade their stock and open the door for a wider pool of investors.
“This is not about prestige or chasing headlines,” Chairman Lazarus Muema told shareholders. “It’s about deepening value and building on the trust that has carried us here. We’ve invested heavily in systems, compliance, and customer confidence. We believe the institution is ready for public scrutiny.”
Financial footing and growth plans
Family Bank has reported stronger profits and cleaner loan books over the past two years. For the six months to June 30, 2025, the bank posted a 38.7 percent jump in profit to Ksh2.28 billion ($17.7 million), up from Ksh1.65 billion ($12.8 million) a year earlier.
Chief Executive Nancy Njau said the listing would “open a new chapter for governance and transparency” and confirmed that the bank will continue to invest in SME lending, green finance, and digital channels.
For founder TK Muya, the plan is the culmination of a long-held goal, to widen ownership without losing the community spirit that defined the bank’s early years.
From one branch to a national name
Founded in 1984 as Family Finance Building Society, the institution converted into a fully licensed commercial bank in 2007 under TK Muya’s leadership.
Today, Family Bank operates 95 branches across 32 counties, making it the fourth-largest bank in Kenya by geographical reach. Muya, who holds a 5.6 percent stake, served as CEO until 2006 and later as non-executive chairman.
Under his guidance, the bank introduced digital banking solutions such as paperless smart card banking and the PesaPap mobile app, setting a benchmark for fintech services for retail and SME clients.
