SBM Bank Kenya has reported a profit after tax of Sh283.4 million for the nine months ending September, a significant improvement from a Sh1.3 billion loss in the previous year. This turnaround is largely attributed to a substantial increase in operating income and reduced expenses.

• The bank's operating income surged by 65 percent to Sh4.3 billion, while total operating expenses decreased by 3.5 percent to Sh3.89 billion.
• The recovery is overseen by Chief Executive Officer Bhartesh Shah, who assumed his role in May 2024, under a new transformation strategy.
• SBM Bank Kenya's total assets grew to Sh104.0 billion, and customer deposits increased by 20 percent to Sh75.2 billion, boosted by digital banking initiatives and partnerships.