Sidian Bank Taps KCB's John Okulo as CEO to Steer Kenya's Fastest-Growing Bank
Sidian Bank has appointed John Okulo, currently Director of Corporate Banking at KCB Bank Kenya, as its new Managing Director and CEO effective 1 May 2026, subject to CBK approval. He succeeds Chege Thumbi, who retires on 30 June 2026 after nine years. The transition completes a full governance overhaul: former Cabinet Secretary James Macharia replaced Centum's James Mworia as chairman in October 2025, three new directors joined the board, and Centum exited entirely in March 2026. Okulo brings 28 years of experience across Standard Chartered, Stanbic, NCBA, and KCB, including founding NC Bank Uganda.
Sidian Bank Profit Jumps 500% to KSh 1.73 Bn as Public Sector Deposits Reshape Balance Sheet
Sidian Bank posted a sixfold increase in profit after tax to KSh 1.73 Bn for the year ended 31 December 2025, up from KSh 287 Mn, the strongest result in the lender's 40-year history. Total assets grew 50.8% to KSh 90.80 Bn, driven by a 62.9% surge in customer deposits to KSh 72.30 Bn from public sector mandates including Nairobi County, the Social Health Authority, the housing levy, Kenya Railways, and KEMSA. Government securities holdings doubled to KSh 49.05 Bn. The CBK reclassified Sidian from Tier 3 to Tier 2 in September 2025.Centum Investments Exits Sidian Bank After 22 Years
Centum Investment Company has completed the sale of its remaining 50% stake in Bakki Holdco Limited, ending its 22-year investment in Sidian Bank. The exit follows six transactions between October 2023 and March 2026, recovering an estimated 5.2 billion shillings against a total entry cost of 4.7 billion shillings. The divestiture included a failed 4.3 billion shilling deal with Nigeria's Access Bank in 2022, before Centum shifted to piecemeal sales. The final exit comes as Sidian, reclassified as a medium-tier lender by the CBK in September 2025, posted a nine-month profit of 1.4 billion shillings.Sidian Bank Bets on SACCOs as it Plots Rapid Growth
Sidian Bank Chief Executive Officer Chege Thumbi has said that deepening the lender's engagement with SACCOs has been a key engine driving the bank’s rapid growth
Sidian Bank's Q3 Profit Soars 470% to KSh 1.47 Billion on Revenue Boom
Sidian Bank’s nine-month profit after tax rose to 1.47 billion after operating income increased 92.8 percent to 5.63 billion. Non-interest income expanded and the bank raised its investment in government securities to 40.06 billion while the loan book remained flat at 25.10 billion. Deposits grew to 77.96 billion and assets reached 95.06 billion. Costs and provisions increased and gross NPLs rose to 8.42 billion.Former CS James Macharia Named Sidian Bank Chair
Former Cabinet Secretary James Macharia has been appointed Chairman of Sidian Bank, taking over from Centum Investment Chief Executive Dr. James Mworia, who has chaired the lender since 2014. Before [...]Sidian Bank H1 Profit Surges 92% to KSh 1Billion
Sidian Bank posted a strong performance in the six months to June 30, 2025, nearly doubling its profit after tax to KSh 1.01 billion, up from KSh 523 million in [...]Sidian Bank's Q1 Profits Jump by 250%
Sidian Bank has posted a net profit of KSh 556.9 million, up 250% year-on-year from KSh 159.1 million in Q1 2024, on the back of revenue growth. The remarkable growth [...]Treasury Approves Acquisition of Sidian Bank Shares
The Cabinet Secretary for the National Treasury and Planning has approved the acquisition of 38.91 per cent of the issued share capital of Sidian Bank by Pioneer General Insurance,Wizpro Enterprise [...]AGF Tripples Guarantee Fund to Sidian Bank From Sh500M to Sh1.5B
The Africa Guarantee Fund (AGF) has tripled guarantee facility to Sidian Bank from Sh500 million to Sh1.5 billion to allow Small and Medium Enterprises (SMEs) easily access loans. Sidian Bank [...]Mary-Ann Musangi Exits Sidian Bank Board After 8 Years
Sidian Bank, a subsidiary of Centum Investment Company PLC has announced the exit of Mary-Ann Musangi from its board, Mary-Ann is also the CEO of Haco Industries. Mary Ann Musangi [...]Sidian Group Half-Year Net Profit Drops 16.5% to KSh 209.9 Million
Sidian Group's Net Profit for the period ended 30th June 2023 declined by 16.5 percent to KSh 209.9 million. The Sidian Group balance sheet size shrunk by 0.7% to KSh [...]