Family Bank founder Muya earns Sh128mn as board pay rises

NAIROBI, Kenya, May 5 – Family Bank founder Titus Muya earned Sh128.63 million in total director remuneration for the year ended December 2025, according to the lender’s latest financial statements.

The payout places Muya among the bank’s highest-paid board members, driven largely by lump-sum benefits linked to his previous executive role as Chief Investment Officer.

“Lump sum benefits for Mr. T.K. Muya as the former CIO totaled Ksh128,628,000,” the bank disclosed.

Overall, the bank’s total board remuneration rose to Sh248 million, covering directors’ fees, allowances and committee-related payments.

The disclosures show significant variation in individual earnings, with most directors receiving between Sh1.2 million and Sh25.9 million depending on their roles and committee involvement.

Muya’s compensation stood out due to legacy executive-linked benefits, highlighting how prior management roles continue to influence earnings even after transition to board positions.

“Directors are not entitled to any share option arrangement or long-term share incentive schemes,” the bank added.

The figures underscore a wide pay gap between founding figures with historical entitlements and independent directors serving primarily oversight functions.