SBM Bank has posted a net profit of KSh 380.17m for the six months’ period ended June 30th 2026, a rise of 88.2% . It becomes the first lender to release its half year results for 2026.
These impressive profitability is attributed to its aggressive lending that saw a 18.5% increase in net interest income to KSh 2.18billion and a 43.7% rise in non-interest income to KSh 1.40billion. This is despite a 69.3% increase in provisions for bad debts.
SBM Bank Profitability Highlights
“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 agility to respond quickly to our customer’s evolving needs. The first half of 2026 provides further evidence that this strategy is delivering sustainable value,” said Bhartesh Shat, SBM Bank Chief Executive Officer.
He said the continued growth in customer deposits is particularly encouraging because it reflects trust. Customers choose banks they believe are financially strong, well governed and committed to supporting them over the long term. Preserving and strengthening that confidence remains at the centre of every decision we make, “said Shah.
SBM Bank Loan Book Strength
SBM Bank’s Net loans and advances increased by 18% to KSh 54.1 billion, supporting households and businesses across Kenya. Gross non-performing loans ratio improved materially to 17.3% from 32.4% a year earlier.
The lender’s balance sheet size grew to KSh 109.9 billion while shareholders’ equity, what the owners of the bank are worth, jumped to KSh 11.1 billion.
Net interest income, derived from lending to customers, grew to KSh 2.2 billion while non-funded income such as fees and commissions surged 54% to KSh 1.39 billion, driven by higher customer activity and transaction volumes. Total operating income increased by 35%, substantially outpacing the 12% growth in operating expenses and generating strong positive operating leverage despite continued investment in technology and infrastructure.
Pre-tax profit rose almost four-fold to KSh 852 million while customer deposits increased by 24% to KSh 94 billion, demonstrating growing confidence in the Bank.
