SBM Bank net profit jumps 88pc on lower deposit costs

An SBM Bank Kenya branch in Nairobi CBD.

Photo credit: File | Nation Media Group

SBM Bank Kenya posted an 88.1 percent increase in net profit to Sh380.1 million in the half-year ended June 2026, helped by lower deposit costs and higher income from transactions.

The lender had posted a net profit of Sh202 million in the corresponding period last year. SBM's non-interest income, including transaction fees, increased by Sh426.4 million to Sh1.4 billion.

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