C
Originally published by Capital Business
📰 Read Full Article
business
March 11, 2026
2h ago

SBM Bank Kenya returns to profit after Sh614m turnaround

SBM Bank Kenya returns to profit after Sh614m turnaround

The lender attributed the turnaround to improved operating performance and growth in customer activity following an ongoing transformation strategy. Kenya breaking news | Kenya news today |..

✨ Key Highlights

SBM Bank Kenya has announced a significant financial turnaround, returning to profitability after a challenging year. The bank posted a profit before tax of Sh614 million for the year ending December 31, 2025, a remarkable shift from a Sh1.6 billion loss in 2024.

  • SBM Bank Kenya achieved a profit before tax of Sh614 million.
  • The turnaround is attributed to improved operating performance and growth in customer activity due to an ongoing transformation strategy.
  • Customer deposits surged by 20 percent to Sh82.4 billion, driven by increased use of digital payment platforms.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article
Advertisement
Advertisement