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Originally published by The Kenyan Wall Street
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business
August 20, 2025
5d ago

Sidian Bank H1 Profit Surges 92% to KSh 1Billion

Sidian Bank H1 Profit Surges 92% to KSh 1Billion

Sidian Bank nearly doubled its half-year profit to Sh1.0Bn in H1 2025 on strong income growth and lower provisions...

✨ Key Highlights

Sidian Bank has reported a significant surge in profit for the first half of 2025, nearly doubling its profit after tax to KSh 1.01 billion. This impressive performance was driven by substantial increases in both net interest and non-interest income.

  • Sidian Bank's profit after tax soared by 92.1% to KSh 1.005 billion in the six months to June 30, 2025, up from KSh 523 million in the same period last year.
  • Total operating income for the bank rose by 81.7% to KSh 3.553 billion, bolstered by a 136.6% increase in non-interest income to KSh 1.919 billion.
  • The bank's loan loss provisions dropped by 35.1% to KSh 493 million, while operating expenses increased by 54.6% to KSh 2.102 billion due to investments in staffing, compliance, and digital infrastructure.

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