Family Bank has announced its plans to list on the Nairobi Stock Exchange (NSE) next year with the goal of becoming a tier-one financial institution by 2029. Chairman Lazarus Muema also indicated the institution's intent to expand beyond Kenya, noting the formation of a holding company to facilitate regional expansion. Muema emphasized the advantages of a holding company structure for regional ventures.

Muema, speaking during the release of the bank’s first-quarter 2025 financial statements, highlighted that listing on the NSE has been a long-term vision of the bank's founder, Titus Muya. The oversubscription of a Sh4 billion bond issued in 2021, which saw the bank raise Sh4.4 billion with a 147 per cent subscription rate, demonstrated strong market confidence. A Sh14.6 billion partnership with the European Investment Bank further supports the bank's growth trajectory. The chairman reiterated their ambition to achieve tier-one status through strategic investments in digitization and impact-oriented lending.

The bank's expansion and listing plans are underpinned by positive financial results, including a non-performing loan ratio of 14.1 per cent, below the industry average of 16 per cent. Profit before tax increased by 15 per cent to Sh1.5 billion in the first three months of the year. Loans and advances rose by 10 per cent to Sh96.2 billion, while deposits grew by 20 per cent to Sh132.2 billion. Operating expenses increased by 40 per cent to Sh3.1 billion, primarily due to the engagement of a consultant for the 2025-2029 strategic plan.

CEO Nancy Njau highlighted key areas for growth, including digitization and data utilization through Pesapap Digital. She emphasized the importance of data-driven decision-making to better understand and meet customer needs. Other key tenets supporting growth include compelling customer propositions, enablers, and productivity and efficiency improvements. The bank also intends to leverage Kenya’s youthful population and diaspora remittances, particularly from North America, to inform its expansion strategy and utilize its network of 95 branches.