Sidian Bank Posts 9pc Profit Growth as Deposits Jump to Sh74bn

NAIROBI, Kenya, May 20 - Sidian Bank has reported a 9.0 percent rise in profit after tax to Sh607.03 million for the quarter ended March 31, 2026, up from Kenya breaking news | Kenya news today |..

✨ Key Highlights

Sidian Bank has reported a 9.0 percent increase in profit after tax for the quarter ended March 31, 2026, reaching Sh607.03 million. This growth was propelled by a significant rise in net interest income and substantial expansion of its balance sheet.

Customer deposits surged by 47.6 percent to Sh74.16 billion.
The performance marks the first quarterly results under new CEO John Okulo.
Growth has been significantly driven by public sector business, including its role as principal banker to Nairobi County Government.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article

Related News

business2w ago

Safaricom profit jumps to Sh100bn on M-Pesa, data growth

Safaricom has reported a significant surge in net profit, reaching Sh100 billion for the 2025/26 financial year, marking a 67.3 percent increase.

Capital Business

📰 Read Full Story

business3w ago

APA profit jumps 43pc to Sh2.8bn on strong insurance growth

APA Apollo Group has announced a significant 43 percent jump in net profit, reaching Sh2.8 billion for the full year ending December 2025, fueled by strong insurance revenue growth and operational efficiencies.

Capital Business

📰 Read Full Story

business2w ago

SBM Bank profit jumps to Sh246mn in Q1

SBM Bank has reported a significant jump in its first-quarter profit, reaching Sh246 million before tax, a substantial increase from Sh12 million in the same period last year.

Capital Business

📰 Read Full Story

2w ago

SBM Bank signals turnaround with profit jump

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.

The Standard Business

📰 Read Full Story

business2d ago

Equity Group posts Sh19.1bn Q1 profit as regional units, insurance arm drive growth

Equity Group Holdings has reported a significant 24 per cent year-on-year rise in Profit After Tax, reaching Sh19.1 billion for the first quarter ended March 2026. This growth was primarily fueled by strong performance from its regional subsidiaries and insurance arm.

Capital Business

📰 Read Full Story