Family Bank 40Years Story to the NSE:
1984 โ Founded as Family Finance Building Society
1985 โ First branch opens in Kiambu
2006 โ First private placement; 6,500+ new shareholders
2007 โ Converts to fully-fledged commercial bank; renamed Family Bank Ltd
2009 โ 50 branches; 600,000+ account holders
2010 โ PesaPap digital subsidiary launched; enters insurance
2012 โ KTDA, Pan Africa Insurance and Laptrust join as strategic shareholders
2013 โ Acquires corporate head office on Muindi Mbingu Street
2015 โ Raises KSh 4.3Bn for SME lending; named Best SME Bank in Kenya
2017 โ Best SME Bank in Kenya (Bankers Africa Awards); profit crosses KSh 1Bn
2021 โ Corporate bond oversubscribed 47%; named Best Digital Bank (KBA)
2023 โ Ranked 2nd best bank overall; best tier-two bank (KBA Survey)
2024 โ 40th anniversary; KSh 168.3Bn assets; 1.2M customers; NSE listing
2026 โ Lists on NSE; opens next chapter of growth to all Kenyans
@JCM_Ness Back in Feb their Global CEO laid down acquisition criteria. Equity doesnt qualify. Reason: Equity is in high friction mass retail, Stanbic doesnt want that