“We expect to list in the month of May, subject to regulatory approvals,” said Lazarus Muema, a representative of Family Bank, as the organization prepares for a significant milestone in its history.
Family Bank has announced a doubling of its dividend payout to shareholders, reaching Sh2.2 billion, following a remarkable 55.4 percent growth in full-year net profit. The bank reported a net profit of Sh5.37 billion for the year ending December 2025, up from Sh3.46 billion the previous year.
In addition to its impressive profit growth, Family Bank saw interest earned from Treasury bills and bonds increase by 44.1 percent, totaling Sh7.9 billion. The bank’s customer deposits also rose by 20 percent, reaching Sh151.8 billion, reflecting a strong trust from its clientele.
Paul Ngaragari, another key figure at Family Bank, noted, “If you look at the money we mopped up from our customer deposits, around Sh25 billion, and the other money we got from shareholders, around 8 billion, most of that money was purely deployed into investment in government securities.” This strategy has contributed significantly to the bank’s financial health.
Family Bank’s loan book grew by 14 percent to Sh105.8 billion, although it faced challenges with non-performing loans, which rose to Sh17.5 billion, accounting for 14.9 percent of its loan book.
The bank has been planning to go public for a decade, and the upcoming listing on the Nairobi Securities Exchange is seen as a pivotal moment for the organization. Family Bank successfully raised Sh8 billion through a private placement, oversubscribing its target of Sh6.09 billion.
As Family Bank moves closer to its listing, the financial community is keenly watching its developments, particularly regarding regulatory approvals and market reception.
With a solid financial foundation and a clear strategy for growth, Family Bank is poised to make a significant impact on the Nairobi Securities Exchange and the broader financial landscape in Kenya.
Details remain unconfirmed regarding the exact date of the listing and any further strategic initiatives that may follow.
