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Originally published by The Standard Business
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July 23, 2026
2h ago

SBM Bank Kenya's profit jumps 171pc as deposits near Sh100b

SBM Bank Kenya's profit jumps 171pc as deposits near Sh100b

SBM Bank Kenya has reported a 171 per cent growth in profit before tax to Sh548 million over the first half to June 2026, up from Sh202 million in the same period last year...

✨ Key Highlights

SBM Bank Kenya has reported a significant surge in profitability, with profit before tax jumping 171% in the first half of 2026. The bank attributed this growth to strong revenue increases and a robust balance sheet.

  • Profit before tax reached Sh548 million, up from Sh202 million in the previous year.
  • SBM Bank Kenya, led by Chief Executive Bhartesh Shah, saw customer deposits grow to nearly Sh100 billion.
  • The bank improved its gross non-performing loan ratio to 17.3% from 32.4%, demonstrating enhanced risk management.

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