Today, Family Bank boasts assets of Sh168.5 billion and a network of 95 branches, making it one of Kenya's largest lenders and the sixth-largest by branch network.
By
Dominic Omondi
Business Reporter
Nation Media Group
On Tuesday, Family Bank shares will start trading on the Nairobi Securities Exchange (NSE), allowing shareholders, including its founder Titus Kiondo Muya, to sell part of their stakes to interested investors.
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Mr Muya and his associates currently hold a combined 35.67 percent stake in the bank, equivalent to 593.03 million shares.
Mr Muya founded the bank in 1984 as Family Finance Building Society, later opening the first branch in Kiambu town in 1985.
The waiver clears the way for founder Titus Muya and related shareholders to reduce their stake in Family Bank.
Family Bank recorded a strong debut on the NSE, with its share price surging in early trading as the lender outlined plans for…
Family Bank will begin trading on the Nairobi Securities Exchange on June 23 after CMA approval, following record earnings growth…
The lender’s issued shares will grow to 1.85 billion from the current 1.66 billion, which will give it a starting market…
