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.
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Kenya Public Debt Surges to Sh12.29 Trillion - March 2026
Kenya's public debt has surged to Sh12.29 trillion by December 31, 2025, marking a significant increase partly attributed to financing budget deficits and accumulated interest. SBM Bank Kenya has announced a significant financial turnaround, returning to profitability after a challenging year, posting 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. KCB Group has announced an 11 percent increase in net profit, reaching Sh68.4 billion for the year ending December 31, 2025, with growth driven by a significant rise in lending and overall revenues.
