SBM Bank Kenya swings to Sh12.4m quarter 1 net profit

SBM Bank Kenya CEO, Bhartesh Shah, following a courtesy call by the Bank's CEO to The Standard Group headquarters. SBM Bank Kenya, the Kenyan subsidiary of the Mauritius-headquartered SBM Holdings Group, has outlined strategies to enhance its offering to its stakeholders in its endeavor to deliver on its values of being a customer-centric banking institution on February11, 2025. [Standard, Kanyiri Wahito]

SBM Bank Kenya Ltd posted an after-tax profit of Sh12.4 million in the first quarter of 2025, reversing a Sh370 million loss recorded during the same period last year, the lender announced on Tuesday.

This performance marks a turnaround and represents early progress for a turnaround strategy implemented under Chief Executive Bhartesh Shah, who assumed leadership in May 2024.