Family Bank has received national scale credit ratings of BBB+(KE) for the long term and A2(KE) for the short term from Global Credit Ratings (GCR), reinforcing the lender’s financial strength as it advances plans toward a future listing on the Nairobi Securities Exchange (NSE).
The ratings, assigned with a stable outlook, cover the bank and its subsidiaries and reflect growing confidence in Family Bank’s capital position, funding profile, and sustained growth trajectory.
The assessment also highlights the lender’s strong position within Kenya’s micro, small and medium-sized enterprise (MSME) sector, a key pillar of its business model.
Capital Strength and Growth Drive Positive Rating
According to GCR, Family Bank has continued to strengthen its capital base while maintaining prudent liquidity and funding management practices.
The bank’s GCR Core Capital Ratio improved to 16.9 percent as of December 2025, up from 15.0 percent a year earlier. The rating agency expects capitalisation to strengthen further to around 18.0 percent over the next 12 months, supported by improving asset quality, stable funding sources, and disciplined balance sheet management.
The positive assessment comes amid a period of consistent growth for the lender, which has been expanding its market presence while strengthening its financial resilience. Family Bank CEO Nancy Njau said the rating reflects the success of the bank’s long-term strategy and its focus on sustainable growth.
“This rating is a strong endorsement of the progress we have made in strengthening our financial position and executing our aggressive five-year strategy. Our consistent year-on-year growth in profitability, assets, and capital strength demonstrates the resilience of our business model and our ability to create sustainable value for all stakeholders,” she said.
Digital Transformation and MSME Focus Remain Key Priorities
Family Bank continues to position itself as a leading partner for MSMEs, a segment that remains central to Kenya’s economic growth.
The lender has also intensified investments in digital transformation, customer experience, and innovative banking solutions aimed at improving accessibility and efficiency for customers.
Njau noted that maintaining a strong balance sheet remains critical as the bank pursues its growth ambitions.
“As we continue to invest in digital transformation, enhance customer experience, and deepen support for MSMEs, we remain focused on maintaining a strong balance sheet that enables us to support economic growth while delivering long-term returns to shareholders,” she said.
The latest rating provides an independent endorsement of Family Bank’s financial stability and is expected to strengthen investor confidence as the lender advances its long-term growth strategy and prepares for its anticipated NSE listing.
