Mauritius’s SBM Holdings injected an additional Sh819 million into its subsidiary SBM Bank Kenya in the financial year that ended December 2024, disclosures show, marking the latest support to the local subsidiary amid a Sh1.07 billion net loss.,
The latest capital injection is in addition to the Sh471 million that SBM Bank Kenya received in the prior year and preceded Kenya’s move to amend banking laws to incrementally raise the minimum core capital from the current Sh1 billion to Sh10 billion within five years.
