Family Bank Limited has appointed transaction advisers as it accelerates plans to list on the Nairobi Securities Exchange in the first half of 2026.
The bank announced a 56 percent rise in net profit to Sh3.5 billion for the nine months to September, driven by higher earnings from government securities. Management says the listing journey is already underway with regulators engaged.
The bank revealed that it has finally activated the long-planned listing strategy, noting that the advisers will guide the technical, regulatory and procedural steps needed before its expected market debut in the first half of 2026.
Chief Finance Officer Paul Ngaragari confirmed that the listing preparations are in motion, saying, “We have already visited the Capital Markets Authority so that we know what we need to do and we have engaged transaction advisers to guide us in the journey to listing with a target of the first half of next year.”
Alongside the listing announcement, Family Bank unveiled improved financial results for the nine months to September, reporting a 56 percent increase in net profit to Sh3.5 billion, up from Sh2.3 billion posted in a similar period last year.
The performance was largely supported by a substantial rise in earnings from government securities, which continue to play a pivotal role in the bank’s income mix.
According to the bank, interest earned from Treasury bills and bonds grew 43.1 percent, climbing to Sh5.5 billion from Sh3.8 billion in the previous period.
The bank attributed the stronger bottom line to this jump in returns from government paper, reinforcing the role of fixed-income investments in its revenue trajectory.
Family Bank has flirted with the idea of a public listing for more than a decade, but the latest move signals a decisive shift toward execution.
Management confirmed that transaction advisers are now formally on board and that the lender has already made regulatory touchpoints as it works toward compliance.
The bank says it has engaged transaction advisers to guide it in the journey to listing, adding that consultations with the Capital Markets Authority are ongoing to ensure clarity on requirements and timelines.
The decision to bring advisers into the process is widely seen as a key milestone in the multi-year ambition to transition from a private entity to a publicly traded company.
According to Ngaragari, the bank’s leadership has taken proactive steps to understand regulatory expectations, indicating that the listing roadmap is now active rather than conceptual.
He noted that executives have already visited the Capital Markets Authority so that they know what they need to do, reaffirming the bank’s commitment to meeting all listing prerequisites.
The CFO added that the internal phases of preparation, including compliance evaluations, documentation and readiness assessments, will be shaped by the advisers now working with the bank.
While the bank did not disclose the size or structure of the anticipated share sale, it reaffirmed its intention to list publicly by mid-2026, marking a defining milestone in its growth strategy.
The lender said it plans to sell its shares on the Nairobi Securities Exchange by mid next year, positioning the offering as a pathway to enhance visibility, attract new capital and strengthen its long-term market position.
The combination of renewed listing momentum and a strong profit performance sets the stage for a transformative year ahead for the bank, as it prepares for what could be one of its most significant strategic shifts.
