Family Bank has raised just over Ksh.8 billion in a heavily oversubscribed private share placement, surpassing its KSh6.09 billion target by a wide margin.

The bank announced in Nairobi that the offer closed at 131 per cent subscription, drawing strong interest from pension funds, insurers, fund managers, corporates, and individual investors.

According to the lender, the Ksh.8.004 billion raised will be channelled into accelerating its digital transformation agenda, expanding lending capacity, and supporting business growth initiatives both in Kenya and across the region.

Family Bank CEO Nancy Njau said the overwhelming response reflects strong investor confidence in the bank’s strategy, financial performance, and focus on inclusive banking.

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“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,” Ms. Njau said.

Family Bank Chairman Lazarus Muema noted that the results signal a “resounding vote of confidence” in the bank’s resilient business model, consistent profitability, and commitment to serving the real economy — particularly SMEs, agriculture, and underserved communities.

The private placement was executed with Standard Investment Bank (SIB) as Lead Transaction Advisor and placement agent, working alongside Sterling Capital.