Sidian Bank’s profit after tax for the first quarter of 2025 increased by 250 percent to Ksh 556.9 million from Ksh 159.1 million in the corresponding period in the previous financial year.
The bank’s impressive performance was driven by a 61.9% surge in customer deposits, which reached Ksh 50.2 billion, up from Ksh 31 billion posted in the same period the previous year. This demonstrates strong customer confidence and increased deposit mobilization.
Total assets stood at Ksh 68.1 billion, a 48.3% increase from last year’s Ksh 45.9 billion. At the end of the period under review, the bank’s core capital stood at Ksh 6.1 billion, up from Ksh 4.7 billion registered during the same time last year.
Loans and advances increased by 5.5% to Ksh 26.2 billion. However, income from loans and advances dropped to Ksh 948 million, down from Ksh 1 billion in the previous year.
The bank’s net interest income increased by 30% to Ksh736.6 million while non-interest income grew by an impressive 121.3% to Ksh1 billion.
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