Family Bank’s Long Wait for the NSE Is Finally Over

Family Bank is set to begin trading on the Nairobi Securities Exchange (NSE) on June 23 after receiving approval from the Capital Markets Authority, marking the latest addition to Kenya’s listed banking sector.
The lender will join the bourse through a listing by introduction, meaning it will not issue new shares or raise fresh capital. Instead, its existing 1.66 billion shares, held by 6,345 shareholders, will become available for trading on the public market.

The move shifts Family Bank from over the counter (OTC) trading, where liquidity was limited, to a regulated exchange that offers greater transparency, price discovery and easier access for investors. As of late March 2026, the bank’s shares were trading in the OTC market at an average price of Sh21 per share, providing an early reference point ahead of the NSE debut.

Unlike a traditional IPO, the listing will not inject new funds into the bank. Family Bank already strengthened its capital position in 2025 through a private placement that raised Sh8 billion, exceeding its Sh6.09 billion target after attracting strong investor demand.
The capital injection also strengthened the lender’s balance sheet. Family Bank reduced borrowing from other banks to Sh561 million from Sh7.1 billion a year earlier, allowing it to rely more on its own funding sources.

The bank is also entering the market with strong earnings momentum. Net profit for the year ended December 2025 rose to Sh5.37 billion from Sh3.46 billion a year earlier, while profit after tax for the first quarter of 2026 increased 52.6% to Sh1.6 billion. Shareholders’ funds stood at Sh34.77 billion as of March 2026.