Nairobi, May 10 -- The family of Titus Muya's combined stake in Family Bank shrunk by 9.3 percentage points following its decision to sit out the bank's recent capital raising as it seeks to comply with regulatory requirements.

Mr Muya and members of his family previously held eight of the top 10 shareholder positions in the mid-sized lender with a combined stake of 43.3 percent.

Following the Sh8 billion private placement in December 2025, their combined ownership fell to an estimated 34 percent, with five of the related investors falling off the top 10 list.

The bank, scheduled to list on the Nairobi Securities Exchange before the end of June, sold 357.4 million new shares last year in a capital raising venture that brought on board ...