SBM Bank Kenya has reported half year profit after tax of Ksh 202 million which is an improvement compared to Ksh 943 million net loss the lender reported over the same period last year.
The return to profitability was driven by higher income reported during the period to June 30, 2025. The bank says operating income rose by 65pc year-on-year to Ksh 2.8 billion from Ksh 1.7 billion reported in the first half of last year.
SBM Bank Kenya also saw a 2pc decline in operating expenses which chief executive officer Bhartesh Shah attributes to strong cost discipline and operational efficiency.
“Our performance affirms the strategic bets we’ve made—investing in intelligent digital platforms, launching innovative products, and forging partnerships that deliver more value to our customers. We are committed to becoming Kenya’s preferred payments bank by building for scale, speed, and trust. This is just the beginning of a bold new chapter for SBM,” said Shah.
During the six months of the year, the lender’s customer deposit balances surged by 37pc to Ksh 76.2 billion, driven by an expanding customer base and deepened relationships across key segments.
Total Assets also grew to Ksh 105.7 billion, up from Ksh 92.6 billion reported during the half year period to June last year.
