July 24, 2025
2d ago
SBM Bank posts Sh202m half-year profit on higher customer deposits
T
The Standard Business• Original Publisher
SBM Bank Kenya has reported a profit after tax of Sh202 million over the first six months of this year, marking an improvement from a loss of Sh943.1 million over a similar period last year. ..
✨ Key Highlights
SBM Bank Kenya has reported a profit after tax of Sh202 million for the first six months of 2025, a significant turnaround from a loss of Sh943.1 million in the same period last year.
- Customer deposits rose by 37% to Sh76.2 billion.
- Bhartesh Shah, CEO of SBM Bank Kenya, emphasized the role of digital platforms and innovative products in the bank's growth.
- The bank has also launched SBM Bancassurance Intermediary to offer integrated banking and insurance solutions.
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