Sidian Bank expanded its profit after tax by 82.4% to KSh 1.72 billion for the half-year ended 30 June 2026, up from KSh 0.94 billion in the same period last year. Profit before tax rose 57.7% to KSh 2.15 billion, buoyed by non-funded income streams and higher yields on public debt holdings.
Non-interest income expanded 103.8% to KSh 3.68 billion, propelling total operating income up 48.8% to KSh 8.11 billion. This shift reflects recent institutional mandates, including primary banking collections for county governments and public revenue agencies, which broadened fee collection and liquidity intake.
The bank continued allocation into risk-free assets. Government securities holdings grew 39.1% to KSh 45.76 billion, outpacing net customer loans and advances, which increased 23.1% to KSh 33.14 billion. Total assets reached KSh 97.57 billion, backed by customer deposit growth of 22.5% to KSh 73.45 billion.
Operating expenses increased 187.2% to KSh 5.96 billion, driven by staff costs and higher credit risk mitigation. Loan loss provisions jumped nearly fivefold (396.2%) to KSh 2.44 billion, as non-performing loans edged up 6.4% to KSh 8.54 billion.
Core capital rose 94.2% to KSh 12.01 billion, following a capital injection earlier in the year that bolstered capital buffers well above statutory requirements.
Key Financial Highlights (H1 2026 vs H1 2025)
| Metric | H1 2026 (KSh) | H1 2025 (KSh) | Change (%) |
| Total Operating Income | 8.11 Bn | 5.45 Bn | +48.8% |
| Net Interest Income | 4.43 Bn | 3.64 Bn | +21.6% |
| Non-Interest Income | 3.68 Bn | 1.80 Bn | +103.8% |
| Loan Loss Provisions | 2.44 Bn | 0.49 Bn | +396.2% |
| Total Operating Expenses | 5.96 Bn | 2.08 Bn | +187.2% |
| Profit After Tax | 1.72 Bn | 0.94 Bn | +82.4% |
| Government Securities | 45.76 Bn | 32.90 Bn | +39.1% |
| Net Loans & Advances | 33.14 Bn | 26.92 Bn | +23.1% |
| Customer Deposits | 73.45 Bn | 59.98 Bn | +22.5% |
| Core Capital | 12.01 Bn | 6.18 Bn | +94.2% |
Increased allocation toward government paper provided stable yields during the period, balancing the higher provisions required for credit losses. Sidian Bank’s expanded capital base offers capacity to manage asset quality pressures while sustaining balance sheet growth.
