SBM Bank Kenya’s unaudited nine-month results to September 30, 2026 show gross non-performing loans of KSh9.69 billion and a total capital-to-risk-weighted-assets ratio of 14.4 per cent, marginally under the regulatory floor of 14.5 per cent.
The bank reported core capital of KSh8.39 billion and total capital of KSh8.43 billion, giving a core capital ratio of 14.3 per cent and a total capital ratio of 14.4 per cent; its core capital-to-deposit ratio stood at 10.2 per cent, above the 8 per cent minimum. The liquidity ratio was 41 per cent, well above the statutory minimum of 20 per cent.
In the first half of 2026 the lender posted a pre-tax profit of KSh548 million, a rise of 171.3 per cent from KSh202 million in the same period of 2025, and net profit after tax of KSh380.2 million. The gross non-performing loan ratio fell to 17.3 per cent from 32.4 per cent a year earlier.
By the end of September the bank’s customer deposits were KSh75.62 billion, net loans and advances were KSh46.96 billion and total assets were KSh104.02 billion. Provisions amounted to KSh2.74 billion, leaving net non-performing loans of KSh6.95 billion after provisions, and discounted securities linked to impaired loans were valued at KSh5.70 billion.
The balance sheet also contained government securities worth KSh35.43 billion and balances due to the Central Bank of Kenya of KSh13.98 billion. Using net loans, the loan-to-deposit ratio was approximately 62.1 per cent.
SBM Bank Kenya opened its 34th branch in Nanyuki in August and continues to promote its Mfukoni digital platform and PesaLink transfers to broaden customer access.
The nine-month pre-tax profit was reported as KSh507.3 million at bank level and KSh547 million for the group, though the operating income, expense and profit lines did not reconcile arithmetically.
