Sidian Bank has reported a major leap in profitability, with its nine-month after-tax profit rising 470% to Sh1.47 billion, up dramatically from Sh257.6 million a year earlier.
- •The lender's growth was underpinned by a significant 92.6% expansion in total operating income, which rose to KSh 5.63 billion from KSh 2.92 billion the previous year.
- • Non-interest income growing by 146% to KSh 2.96 billion, while net interest income saw a steady 3.8% increase to KSh 2.67 billion.
- •Holdings of government securities increased 157% to KSh 40.06 billion from just 15.61Billion, while the loan book remained virtually unchanged at KSh 25.10 billion compared to KSh 25.01 billion in September 2024.
The repositioning in asset allocation suggests a deliberate move toward lower-risk government investments, providing stable returns amid a cautious credit environment.
| Metric | Sep 2024 | Sep 2025 | YoY % Change |
|---|---|---|---|
| Net Interest Income | 1.72 Bn | 2.67 Bn | ▲ +55.2% |
| Non-Interest Income | 1.20 Bn | 2.96 Bn | ▲ +146.7% |
| Operating Income | 2.92 Bn | 5.63 Bn | ▲ +92.8% |
| Total Operating Expenses | 2.56 Bn | 3.52 Bn | ▲ +37.5% |
| Loan Loss Provision | 441.9 Mn | 1.00 Bn | ▲ +126.3% |
| Profit Before Tax (PBT) | 368.1 Mn | 2.11 Bn | ▲ +474.2% |
| Profit After Tax (PAT) | 257.6 Mn | 1.47 Bn | ▲ +470.4% |
| Total Assets | 57.13 Bn | 95.06 Bn | ▲ +66.4% |
| Total Equity | 5.87 Bn | 9.46 Bn | ▲ +61.2% |
| Customer Deposits | 43.54 Bn | 77.96 Bn | ▲ +79.1% |
| Loans and Advances (Net) | 25.01 Bn | 25.10 Bn | ▲ +0.4% |
| Government Securities | 15.61 Bn | 40.06 Bn | ▲ +156.6% |
| Gross NPLs | 6.09 Bn | 8.42 Bn | ▲ +38.2% |
| Core Capital | 4.90 Bn | 6.89 Bn | ▲ +40.6% |
The bank strengthened its funding base, with customer deposits growing 43% to KSh 77.96 billion from KSh 54.38 billion a year earlier.
This deposit growth supported a 66% expansion in total assets, which reached KSh 95.06 billion. The institution’s capital position remained robust, with core capital reaching KSh 6.89 billion.
