Family Bank Limited , one of the countrys fastest-growing mid-tier lenders, founded by Kenyan tycoon Titus Kiondo TK Muya, has secured Ksh8 billion 61.8 million in fresh capital through an oversubscribed private placement that drew strong demand from institutional and high-net-worth investors.
The bank had targeted Ksh6.09 billion 47.04 million, but bids exceeded the offer by 31 percent, marking one of the strongest capital raises by a mid-tier Kenyan bank in recent years. The Ksh8 billion 61.8 million equity injection not only strengthens the banks capital buffers but also supports its regional ambitions while accelerating the digital transformation program.
Family Bank draws broad institutional demand
