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Originally published by The Standard Business
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May 5, 2026
4h ago

SBM Bank signals turnaround with profit jump

SBM Bank signals turnaround with profit jump

SBM Bank Kenya has reported a sharp rise in first-quarter profits, signalling strong progress in its turnaround strategy...

✨ Key Highlights

SBM Bank Kenya has signaled a significant turnaround with a substantial jump in profit before tax for the first quarter of 2026. This improved performance is attributed to a focused transformational agenda and strategic investments.

  • Profit before tax surged to Sh246 million, a considerable increase from Sh12 million in Q1 2025.
  • Key driver: SBM Bank Kenya, led by CEO Bhartesh Shah.
  • Notable improvements include a 55% rise in non-interest income and a significant reduction in non-performing loans (NPL ratio down to 19.8%).

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