Sidian Bank has announced plans to expand it’s small and medium enterprises lending in Mt Kenya region.
This follows the opening of its 49th branch in Gilgil, Nyandarua County in what the lender says deliver financial services closer to underserved communities in agri-sectors and entrepreneurs in the region.
“Establishing our presence here is therefore, not only strategic; it is purposeful. It reflects our commitment to bringing banking closer to the people, where businesses are thriving, and where communities are building their future. This launch is, a significant step in reinforcing our mission to be the Home of Biashara Banking,” said Chege Thumbi, Sidian Bank Chief Executive Officer.
Speaking during the launch, Nyandarua County Governor Dr Moses Badilisha said the move by the lender marks a strategic move to depend financial inclusion and drive economic growth.
“By supporting our farmers, traders, and small businesses with accessible credit and quality banking services, Sidian Bank is helping us unlock the full potential of our people and resources,” he said.
The Tier 2 lender reported a first half net profit of Ksh 1.01 billion after a 92pc increase.
“We do take pride in being a stable and growing financial institution, with a solid balance sheet of Ksh 76.5 billion, a loyal and expanding customer base, with deposits exceeding Ksh 60 billion. Our continued investment in innovative, secure, and reliable digital infrastructure ensures that we meet the needs of our customers wherever they are, and whenever they need us. All this is part of our broader vision of becoming a Tier 2 Bank by the end of 2025. This means we are not here for the short term,” added Thumbi.
