Family Bank Founder Earns Sh128.63 Million in Director Pay

Family Bank Ltd founder Titus Muya received Sh128.63 million in total director remuneration for the year ended December 2025, placing him among the highest-paid board members at the lender. The amount was largely linked to lump-sum benefits from his previous executive role as Chief Investment Officer.

The bank disclosed that the payment was tied to his past position, stating that lump sum benefits for Mr. T.K. Muya as the former CIO totaled Ksh128,628,000. This explains the significantly higher earnings compared to other directors on the board.

Overall, total board remuneration at Family Bank rose to Sh248 million, covering directors’ fees, allowances, and committee-related payments. However, individual earnings varied widely, with most directors receiving between Sh1.2 million and Sh25.9 million depending on their roles and committee responsibilities.

The disclosures also indicate that directors are not entitled to any share option arrangements or long-term share incentive schemes. This highlights the difference between payments linked to past executive roles, such as Muya’s, and the standard compensation structure for independent directors who mainly serve in oversight roles.