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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 the same period last year.
- •Net interest income rose 42.8% to KSh 1.63 billion, while non-interest income surged 136.6%to KSh 1.92 billion, lifting total operating income to KSh 3.55 billion, compared to KSh 1.96 billion a year earlier.
- •The first half results build on momentum from the first quarter, when Sidian Bank reported a 250% jump in net profit.
The lender’s loan loss provisions dropped by 35.1% to KSh 493 million, easing pressure on the bottom line.
- •Operating expenses, however, rose by 54.6% to KSh 2.10 billion, driven by higher staffing, compliance, and digital investment costs.
| Metric | Jun 30 2025 | Jun 30 2024 | YoY % |
|---|---|---|---|
| Net Interest Income | 1.634Bn | 1.144Bn | +42.8% |
| Non-Interest Income | 1.919Bn | 0.811Bn | +136.6% |
| Operating Income | 3.553Bn | 1.955Bn | +81.7% |
| Loan Loss Provisions | 0.493Bn | 0.759Bn | -35.1% |
| Operating Expenses | 2.102Bn | 1.360Bn | +54.6% |
| Profit Before Tax (PBT) | 1.450Bn | 0.836Bn | +73.5% |
| Profit After Tax (PAT) | 1.005Bn | 0.523Bn | +92.1% |
| Total Assets | 68.100Bn | 67.849Bn | +0.4% |
| Total Equity | 8.325Bn | 8.414Bn | -1.1% |
| Customer Deposits | 59.979Bn | 59.854Bn | +0.2% |
| Loans & Advances (Net) | 47.187Bn | 43.926Bn | +7.4% |
| Gross NPLs | 8.646Bn | 8.027Bn | +7.7% |
Branch Expansion and Strategy
Beyond financial results, Sidian Bank has been executing an expansion drive. In April 2025, the lender opened its 47th branch in Bomet Town, reinforcing its regional presence. In May, it relocated a Nairobi branch to Eastlands to increase accessibility for SMEs and retail customers. These moves align with its strategy of supporting entrepreneurs while scaling its digital channels.