×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

SBM Bank posts Sh202m half-year profit on higher customer deposits

SBM Bank Kenya CEO, Bhartesh Shah, during a courtesy call at the Standard Group headquarters, on February 11, 2025. [File, Standard]

SBM Bank Kenya has reported a profit after tax of Sh202 million over the first six months of this year, marking an improvement from a loss of Sh943.1 million over a similar period last year. 

The bank said that among the factors that drove the turnaround were an expanded customer base, which grew as the bank sought to grow its presence in Kenya, as well as deepen relations with existing clientele. 

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
By Willis Oketch 28 mins ago
Business
Old buildings give way to used-car showrooms
By Mary Imenza 28 mins ago
Business
Mbadi: Swift action and luck saved Kenya from sovereign debt default
By Benard Sanga 28 mins ago
Business
Joho faces big test in executing State's mining agenda in Coast
Enterprise
How African volunteers are helping shape AI through Wikipedia