Family Bank Raises KSh 8bn in Placement

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Family Bank raised KSh 8.004 billion through a heavily oversubscribed private share placement that closed at 131% participation, surpassing its KSh 6.09 billion target. The bank said the capital will support digital transformation, expand lending, and strengthen regional growth plans. CEO Nancy Njau and Chair Lazarus Muema said the results reflect strong investor confidence in the bank’s financial strategy and focus on MSMEs, green financing, and underserved sectors across the economy.