Family Bank Limited, one of the countrys fastest-growing mid-tier lenders founded by Kenyan tycoon Titus Kiondo TK Muya, is raising Ksh6.2 billion 48 million through a private placement as it gears up for a planned Nairobi Securities Exchange NSE listing by 2026.
This follows a strong financial performance, with the bank reporting a 38.7 percent increase in half-year profit to Ksh2.28 billion 17.72 million for the six months to June 30, 2025, up from Ksh1.65 billion 12.78 million a year earlier.
CEO Paul Ngaragari said the proceeds will strengthen capital buffers and support growth. Were targeting more than Ksh6 billion 46.5 million to fund the next stage of expansion. Our liquidity remains strong at 53 percent, but additional capital is needed to deploy new assets and sustain our growth, he explained.