SBM Bank Kenya profit up 171pc in H1

The lender reported a profit before tax of Sh548 million for the six months ended June 30, up from Sh202 million recorded in the same period last year...

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SBM Bank Kenya has announced a significant surge in its financial performance, reporting a 171 percent increase in profit before tax for the first half of 2026.

Profit before tax reached Sh548 million in H1 2026, up from Sh202 million in the same period last year.
The impressive growth was driven by higher lending, stronger customer deposits, and improved asset quality, according to Bhartesh Shah, CEO of SBM Bank Kenya.
The bank also saw a notable reduction in its gross non-performing loan ratio, falling to 17.3 percent from 32.4 percent a year prior.

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