NAIROBI, Kenya, July 24 – SBM Bank Kenya’s gross revenue grew to Sh202 million within the first quarter of this 12 months, buoyed by improved working earnings.
This represents a bounce again from a lack of Sh943 million throughout the identical interval final 12 months.
In H1, its working income jumped by 65 % to Sh2.8 billion compared to the primary half of 2024. At the identical time, complete working bills declined by 2 %.
“Our efficiency affirms the strategic bets we’ve made—investing in clever digital platforms, launching revolutionary merchandise, and forging partnerships that ship extra worth to our prospects,” SBM Bank Kenya CEO Bhartesh Shah stated.
“We are dedicated to changing into Kenya’s most well-liked funds financial institution by constructing for scale, velocity, and belief. This is just the start of a daring new chapter for SBM.”
While buyer deposits surged by 37 % to Sh76.2 billion, pushed by an increasing buyer base and deepened relationships throughout key segments, complete belongings grew to Sh105.7 billion, up from Sh92.6 billion in H1 2024.
The financial institution’s core capital additionally stood at Sh8 billion, above the brand new CBK minimal requirement of Sh3.0 billion.
“Its capital adequacy ratio stood at 16.0%, towards a regulatory minimal of 14.5%, whereas liquidity stood at 45.9%, far exceeding the 20% statutory requirement.”
SBM Bank Kenya is an entirely owned subsidiary of SBM Group Holdings, established in Mauritius in 1973 and listed on the Stock Exchange of Mauritius.
The Group operates in Mauritius, Kenya, India, and Madagascar with a complete asset dimension of roughly Sh1.2 trillion as of December 2024.
