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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. The bank credited its profitability to strong revenue growth and a thorough balance sheet strengthening. The bank said its operating profit registered an almost four-fold increase to Sh852 million.
Net loans and advances increased by 18 per cent to Sh54.1 billion, which it attributed to higher lending to households and businesses across Kenya.
The gross non-performing loan ratio improved to 17.3 per cent from 32.4 per cent a year earlier.
“These results are about far more than stronger profitability. They demonstrate the continued strengthening of our institution. Over the past two years, we have deliberately focused on building a bank with higher quality earnings, disciplined risk management, a resilient balance sheet and the agility to respond quickly to our customers’ evolving needs. The first half of 2026 provides further evidence that this strategy is delivering sustainable value,” said SBM Bank Kenya Chief Executive Bhartesh Shah.
