×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

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

Vocalize Pre-Player Loader

Audio By Vocalize

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.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • 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
Business
Big win for Ruto as court clears path for sale of key State firms
By Brian Ngugi 18 hrs ago
Business
PwC now seeks buyers for Koko Networks assets
Business
Kenya Pipeline Company IPO extended by three working days
Enterprise
When fundamentals are stable but the patient is terrified