services founded 1984 headquarters nairobi kenya key people dr. wilfred kiboro chairman 1 david thuku managing director & chief executive officer 2 products loans checking savings investments debit cards revenue aftertax us 19.8 million kes 1.98 billion 2015 3 total assets us 812.7 million kes 81.3 billion 2015 3 number of employees 1 900 2016 website homepage family bank limited fbl commonly known as family bank is a commercial bank in kenya the largest economy in the east african community . it is licensed by the central bank of kenya the central bank and national banking regulator . 4 contents 1 overview 2 history 3 ownership 4 branch network 5 governance 6 see also 7 references 8 external links overview edit family bank is a medium sized commercial bank in kenya . it is the fifth largest bank by branch network . as of june 2016 update the bank had 93 branches spread out all over kenya and a customer base of over 1.8 million . as of 31 december 2015 the bank s total assets were valued at ksh81 .3 billion approx.us 812.7 million with shareholders equity of ksh11 .9 billion approx.us 119 million . 3 history edit the bank was founded in 1984 as family finance building society limited ffbsl . titus muya the former non executive chairman of family bank served as the founding chairman and chief executive officer for the first twenty three years of the society s life . in 2007 ffbsl transformed into a fully fledged commercial bank following the issuance of a banking license by the central bank of kenya the country s banking regulator . titus muya resigned as ceo of the re branded family bank limited to comply with current kenyan banking regulations . 5 since converting to a commercial bank fbl has been pursuing an expansion of its branch network . 6 in 2010 the bank diversified into the insurance industry through a subsidiary dhamana insurance agency . in 2013 the bank acquired a building in central nairobi that serves as its headquarters and is currently undergoing renovation to carry its corporate image . an interesting point to note is the fact that this is the same building on ground floor from where family founder mr. tk muya had rented out a small space that served as both a branch and his office . ownership edit the shares of stock of fbl are privately owned by institutional and individual investors . in october 2010 a consortium consisting of private equity firm africinvest based in tunisia fmo of the netherlands and norway s norfund acquired a 25 % stake in family bank for a cash sum of us 14.3 million . two years later that stake was sold to two kenyan corporations for an estimated price of us 21.3 million kes 1.84 billion . the company shares are traded over the counter with plans to list on the nairobi stock exchange nse in future . 7 as of june 2015 update the bank s shareholding was as follows 8 family bank stock ownership rank name of owner percentage ownership 1 ktda holdings ltd 15.45 2 the estate of rachel njeri muya 13.42 3 daykio plantations limited 12.30 4 titus kiondo muya 5.34 5 standard chartered kenya nominees a c 9660b 3.73 6 pa securities 3.57 7 kenya orient insurance ltd 2.86 8 julius brian kiondo muyah 2.69 9 ann njeri 2.68 10 mark keriri 2.68 11 others 35.27 total 100.00 branch network edit the bank maintains a network of nearly 93 branches as of april 2016 with plans to have over 100 networked branches by the end of 2016 . 9 10 11 governance edit the chairman of the board of directors is wilfred d kiboro one of the non executive directors . david thuku serves as the managing director and chief executive officer . 12 see also edit list of banks in kenya central bank of kenya economy of kenya references edit njiru john 2 november 2012 . kiboro joins family bank as chairman . daily nation . retrieved 11 august 2014 . juma victor 20 june 2011 . kenya ex kcb executive to head family bank . business daily africa nairobi . retrieved 11 august 2014 . a b c mutegi mugambi 29 march 2016 . family bank s earnings hit sh2bn on increased lending and expansion . business daily africa . nairobi . retrieved 29 march 2016 . cbk 29 march 2016 . directory of commercial banks and mortgage finance companies pdf . nairobi central bank of kenya cbk . retrieved 29 march 2016 . fbl . profile of family bank limited . family bank limited fbl . retrieved 11 august 2014 . langat anthony 6 august 2014 . kenya family bank outlines branch expansion plans . caj news agency johannesburg via allafrica.com . retrieved 11 august 2014 . mutegi mugambi 18 december 2012 . equity firms sell family bank stake to ktda laptrust . business daily africa nairobi . retrieved 11 august 2014 . fb 30 september 2015 . family bank mtn information memorandum pdf . family bank fb . retrieved 13 october 2015 . otini rawlings 19 march 2012 . family bank to spend ksh600 million on new branches this year . business daily africa nairobi . retrieved 11 august 2014 . fbl . the branch network of family bank limited . family bank limited fbl . retrieved 11 august 2014 . mutegi mugambi 1 february 2016 . family bank to open 10 new branches before end of year . business daily africa . nairobi . retrieved 1 february 2016 . template cite web http www.businessdailyafrica.com corporate news family bank names david thuku as new ceo 539550 3180192 h77kwr index.html external links edit website of family bank website of central bank of kenya rankings of kenyan commercial banks by assets 2009 peter munyiri takes over as family bank ceo v t e banks of kenya central bank central bank of kenya commercial bank african banking corporation bank of africa barclays bank bank of baroda bank of india cfc stanbic bank chase bank citibank na kenya commercial bank of africa consolidated bank of kenya cooperative bank of kenya credit bank development bank of kenya diamond trust bank east african development bank ecobank kenya equity bank family bank fidelitybank first community bank giro commercial bank guaranty trust bank kenya guardian bank gulf african bank habib bank habib bank ag zurich housing finance company of kenya i & m bank limited imperial bank limited jamii bora bank kenya commercial bank middle east bank kenya m oriental bank national bank of kenya nic bank paramount universal bank post bank prime bank sidian bank spire bank standard chartered kenya trans national bank kenya united bank for africa victoria commercial bank financial services organization diamond trust bank group equity group holdings limited commercial bank of africa group guaranty trust bank east africa i & m bank group kenya commercial bank group nic bank group foreign banks bank of china bank of kigali hdfc bank nedbank the hongkong and shanghai banking corporation first rand defunct banks dubai bank kenya euro bank microfinance institutions faulu microfinance bank limited smep microfinance bank kenya women microfinance bank related topics automated teller machine atm atm usage fees de materialisation demat foreign exchange forex financial services real time gross settlement rtgs national electronic fund transfer neft structured financial messaging system sfms v t e subdivisions of nairobi kenya neighbourhoods huruma mathare ngara dandora embakasi gigiri kariobangi karen kibera korogocho lang ata eastleigh highridge lavington parklands county divisions central dagoretti embakasi kasarani kibera makadara pumwani westlands retrieved from https en.wikipedia.org w index.php title family bank & oldid 739546702 categories banks of kenyabanks established in 1984companies of kenyaeconomy of kenya1984 establishments in kenyanairobihidden categories engvarb from may 2013use dmy dates from may 2013pages using infobox company with unsupported parametersarticles containing potentially dated statements from june 2016all articles containing potentially dated statementsarticles containing potentially dated statements from june 2015 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk 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