Investors have poured Ksh 8 billion into Family Bank, exceeding the bank’s initial target of Ksh 6.090 billion and achieving an oversubscription of 131 per cent.
The new funds will help the bank expand lending, push forward its digital transformation, and grow its business both within Kenya and in the region.
The bank continues to focus on supporting small and medium enterprises, agriculture, and underserved communities.
Family Bank Chairman Lazarus Muema said the success of the placement shows how much the market believes in the bank.
“This remarkable outcome is a resounding vote of confidence in Family Bank’s resilient business model, consistent profitability, and our unwavering commitment to serving the real economy – particularly SMEs, agriculture, and underserved communities across Kenya. The overwhelming demand reflects the market’s belief in our digital transformation journey and our purpose-driven approach to inclusive banking,” Muema said.
The share sale attracted a wide range of investors, including pension funds, fund managers, insurance companies, corporates, and individual investors.
This demonstrates strong confidence in the bank’s strategy and long-term vision.
Family Bank CEO Nancy Njau said the additional equity would strengthen the bank’s capital and allow it to lend more to priority sectors.
“We are deeply grateful to all investors who participated in this landmark capital raise. The additional equity significantly bolsters our capital ratios and will accelerate lending to priority sectors such as MSMEs, green financing, and women and youth-led enterprises. This successful raise positions Family Bank strongly for sustained growth and enhanced shareholder value,” Njau said.
Standard Investment Bank (SIB)served as Lead Transaction Advisor and placement agent, with Sterling Capital also involved. Analysts say the oversubscription is a clear sign that investors trust Family Bank’s growth strategy and inclusive banking approach.
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