Family Bank has closed its private placement of ordinary shares, raising KSh 8.004 billion, well above its KSh 6.09 billion target- marking a 131% oversubscription.
- •The offer attracted broad participation from fund managers, pension schemes, insurers, corporates, and individual investors.
- •Standard Investment Bank served as Lead Transaction Advisor and placement agent, working alongside Sterling Capital.
- • In October, Family Bank's shareholders approved the lender’s plan to list its shares on the Nairobi Securities Exchange in 2026 through a listing by introduction.
“The additional equity bolsters our capital ratios and accelerates lending to priority sectors such as MSMEs, green financing, and women- and youth-led enterprises. This positions Family Bank strongly for sustained growth and enhanced shareholder value,” said CEO Nancy Njau.
The lender reported net profit of about KSh 2.2 billion in the first half of 2025, representing roughly 40% year-on-year growth. Assets reached approximately KSh 193 billion and customer deposits stood near KSh 149.7 billion over the same period. The bank’s capital adequacy ratio was reported at around 15.9%, above the statutory minimum requirement of roughly 14.5%.
