When Titus K. Muya, known as TK to those close to him, envisioned what would later become Family Bank, he had little more than an idea, a vision, and relentless determination. The seed for this dream was planted in 1961 when, at just 18 years old, Muya came across a business article in an international magazine that inspired him to start a bank.
After completing high school, Muya began working as a civil servant. However, his career stagnated due to a lack of university education. Despite these challenges and the heavy responsibility of being his family’s sole breadwinner, he clung to his dream with remarkable resilience.
Fifteen years later, Muya took a decisive step toward making his vision a reality. He persistently pursued a bank license, visiting the National Treasury every Thursday for four years. Despite his unwavering efforts, the application was repeatedly denied. Undeterred, he followed advice to start with a building society, leading to the establishment of Family Finance Building Society.
The building society flourished, expanding steadily, and by 2005, it operated over 30 branches nationwide. In 2007, after receiving approval from the Central Bank of Kenya, Family Finance Building Society transitioned into Family Bank.
By 2020, Muya held the distinction of being the bank’s largest individual shareholder, with a 17.3% stake. After nearly three decades of leadership, he stepped down as chairman, leaving behind a legacy of growth and transformation.
Today, Family Bank is Kenya’s 14th largest bank and ranks fourth in terms of branch network, boasting 93 branches across the country. With an asset base of Ksh130 billion and over 1,500 employees, the bank continues to expand, adding more branches to its network and carrying forward the vision of its founder.
