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.
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Equity Bank Posts 23.8pc Profit Growth to Sh18.3bn - May 2026
Equity Group Holdings has announced a significant 23.8% increase in profit after tax for the first quarter of 2026, reaching Sh18.3 billion, driven by cost-cutting measures and a digital shift. KCB Group also reported strong performance with a 10.7% increase in net profit to Sh17.81 billion for the same quarter, while its pre-tax profit rose 15.3% to Sh24.4 billion despite a challenging business environment. Sidian Bank contributed to the banking sector momentum, posting a 9.0% increase in profit after tax to Sh607.03 million, with deposits jumping to Sh74 billion on the back of expanded net interest income and balance sheet growth.
