SBM Bank Kenya Limited has posted a Ksh 12.4 million net profit during the first three months of 2025, which is a turnaround from a loss of Ksh 370 million during a similar period in 2024.
The turnaround has been driven by a strategic focus on the mass affluent segment and local businesses, anchored on building stronger customer relationships, improving productivity, and enhancing operational efficiency.
Total assets rose to Ksh 102.9 billion, up from Ksh 90.6 billion in Q1 2024.
The Banks’ customer deposits increased by 28% to Ksh 72.2 billion.
Total operating income increased from Ksh 1.0 billion in Q1’2024 to KShs. 1.3 billion in Q1’2025.
Total operating expenses reduced 5% to Ksh 1.31 billion.
SBM Bank Kenya, CEO, Bhartesh Shah said: “This performance is a testament to what can be achieved with clarity of purpose and relentless execution. Our turnaround signals a new era for SBM Bank — an era of bold ambition, customer-centric innovation, and operational excellence. We are building a future-ready bank that is faster, sharper, and deeply trusted by our customers.”