C
Originally published by Capital Business
📰 Read Full Article
business
November 11, 2025
2h ago

SBM Bank swings to Sh412mn profit in nine months

SBM Bank swings to Sh412mn profit in nine months

NAIROBI, Kenya, Nov 11 – SBM Bank Kenya has reported a Sh412 million profit before tax for the nine months ending September 30, 2025, marking a strong Kenya breaking news | Kenya news today |..

✨ Key Highlights

SBM Bank Kenya announced a significant financial turnaround, reporting a Sh412 million profit before tax for the nine months ending September 30, 2025. This marks a strong recovery from a Sh1.3 billion loss in the same period last year.

  • The bank's total assets grew to Sh104 billion from Sh97.5 billion.
  • The turnaround is attributed to improved efficiency, cost control, and digital innovation under CEO Bhartesh Shah.
  • Operating income climbed to Sh4.3 billion, with total operating expenses decreasing by 3.5 percent.
  • The bank’s liquidity ratio stands at 42.9 percent, well above the regulatory minimum.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article