Access Bank Set to Acquire Centum's 83.4% Stake in Sidian Bank
Nigeria’s top lender, Access Bank, will acquire majority stake in Sidian Bank from Centum Investments for Ksh4.3 billion ($36.8 million), two years after it entered the Kenyan market with the [...]
Sidian Bank Net Profit Ups 3.1% to KSh 117.4M
Sidian Bank recorded an increase in net profit to KSh 117.4 million at the end of the first three months of the year compared to KSh 113.9 million in Q1 [...]
Sidian Bank’s net profit jumps to Sh486 million in 2021 compared from Sh19 million in 2020
Sidian Bank, a mid-tier bank focused on Small and Medium Enterprises (SMEs) has recorded an increase in its consolidated net profit to Sh486 million for the year to 31 December [...]Sidian Bank Unveils KSh1.7 Billion for SME Lending
Sidian Bank and FMO, a Dutch entrepreneurial bank, have partnered to unveil a KSh1.65 billion facility for lending towards Small and Medium-sized Enterprises (SMEs). The facility under the NASIRA program, [...]
Sidian Bank signs a Ksh 990 million deal with Oikocredit for SME Support in Kenya
Sidian Bank, a mid-tier bank focusing on SMEs in Kenya has signed a nine hundred and ninety million shillings deal with the Netherlands based social impact investor, Oikocredit. The bank [...]Sidian Group Net Earnings Drop 84.7% to KSh 18.8 Million
Sidian Group Net Profit declined to KSh 18.775 Million at the close of the financial period ended 31st December 2020. This is against net earnings of KSh 122.5 Million over [...]Sidian Bank Q3 earnings drop 90% to KSh 8.1 Million
Sidian Bank has recorded a 90% drop in Q3, 2020 net earnings to KSh 8.1 Million compared KSh 83.5 Million over a similar period last year. The lender's net interest [...]Sidian Bank Secures KSh2 Billion Loan from Dutch lender
Sidian Bank has received KSh2 billion funding from the Dutch Entrepreneurial Bank. The 5-year loan will be used to further the bank's investment in affordable credit to its SME clients, [...]Sidian Bank revises upwards in loan rates
Sidian Bank (formerly K-Rep) Bank is the first lender to put its feet on the gas pedal by adjusting up the price of its loans. This follows the scrapping of [...]Sidian Bank Receives KSh300 Million loan from OikoCredit
Sidian Bank has received KSh300 million from Oikocredit to support SMEs and Micro-Enterprises. This is the second batch that the lender is receiving from Oikocredit, as part of the initial [...]Sidian bank posts Sh 392M loss, Customer deposits up 33%
Sidian bank has posted a KSh 392 million loss in 2018, an improvement from the KSh422 million loss posted in 2017. The loss resulted from higher operating expenses which shot [...]
Sidian Bank receives Sh 1.2 billion capital boost from Danish firm
Sidian Bank, a third tier bank and a subsidiary of Centum, has received KSh1.2 billion ($12 million) funding from a Danish organization Investment Fund for Developing Countries (IFU) [...]