By
Charles Mwaniki
Business Reporter
Nation Media Group
Family Bank handed its founder, Titus Muya, Sh231.3 million in 2024 and 2025 as goodwill payments in recognition of his previous service as an executive and chairman of the lender.
Mr Muya founded the bank in 1984 as Family Finance Building Society, later opening the first branch in Kiambu town in 1985.
By
Charles Mwaniki
Business Reporter
Nation Media Group
Family Bank handed its founder, Titus Muya, Sh231.3 million in 2024 and 2025 as goodwill payments in recognition of his previous service as an executive and chairman of the lender.

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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.

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The waiver clears the way for founder Titus Muya and related shareholders to reduce their stake in Family Bank.

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Marketing firms will take the biggest share of the transaction budget as the lender prepares to start trading on the Nairobi…

Shareholders of NMB Bank Plc will receive a record Sh305 billion dividend payout this year, marking the highest distribution in…