Nairobi, June 17 -- Existing and new investors who participated in Family Bank's private placement last year are set for capital gains of 24.1 percent or Sh1.93 billion when the lender lists on the Nairobi Securities Exchange (NSE) on Tuesday next week.

The investors, including Kenya Tea Development Agency (KTDA) and Kenya Orient Life Assurance -which is associated with Family Bank founder Titus Muya- applied for 552.05 million shares of the lender for Sh14.50 each.

Family Bank has meanwhile set a listing price of Sh18 per share, indicating a quick paper gain of 24.1 percent or an aggregate of Sh1.9 billion for the investors.

Among the investors who joined the lender's shareholder register after the recent cash call is Kenya Orient Lif...