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Nancy Njau replaces Rebecca Mbithi as new Family Bank Kenya CEO
As of September 30, 2023, the bank had total assets of Ksh 120 billion, deposits of Ksh 90 billion, and a net profit of Ksh 2.5 billion.
By Phyllis MUCHOKI
Family Bank Kenya has announced the appointment of Nancy Njau as its new Chief Executive Officer, effective January 1, 2024.
She succeeds Rebecca Mbithi, who has resigned to pursue personal interests after serving the bank for five years.
Read: Family bank posts KES 1.04Billion in pretax earnings
Njau has been with Family Bank since 2002 when she joined as a graduate clerk, and has risen through the ranks, to hold various positions such as Branch Manager, Regional Manager, Head of Retail Banking, and Chief Commercial Officer.
Until her promotion, Ms. Njau is credited for her instrumental role in driving the bank’s growth, innovation, and customer service.
Nancy Njau holds a Bachelor of Commerce degree from the University of Nairobi and a Master of Business Administration degree from the United States International University.
She is also a certified public accountant and a member of the Institute of Certified Public Accountants of Kenya.
Family Bank picked Rebecca Mbithi as its new chief executive in 2019 to replace David Thuku who left the lender.
Like the former CEO, Ms Mbithi was an insider of the home-grown lender, having until now served as a company secretary and director, legal services, a position she has held with the bank for four years before her promotion.
Mr Thuku was at the lender’s helm for nearly three years from April 2016. He replaced Peter Munyiri in June 2016, after the latter’s contract expired.