Sidian Bank has posted a remarkable turnaround in its third-quarter results for the period ended 30 September 2025, reporting a profit after tax of KES 1.4 billion, a staggering 444.75% increase from KES 257 million in the same period last year.
This performance highlights the bank’s strategic shift toward income diversification and balance sheet resilience, marked by significant gains in non-interest income and government securities, which cushioned a modest decline in loan-related earnings.
Financial Highlights
| Metric | Q3 2025 (KES Bn) | Q3 2024 (KES Bn) | YoY Change (%) |
| Profit After Tax (PAT) | 1.40 | 0.257 | +444.75% |
| Interest Income | 6.10 | 4.70 | +29.79% |
| Income from Loans & Advances | 2.90 | 3.20 | –9.38% |
| Income from Government Securities | 3.00 | 1.30 | +130.77% |
| Deposits in Other Institutions | 0.148 | 0.200 | –26.00% |
| Non-Interest Income | 2.90 | 1.20 | +141.67% |
| Total Income | 9.00 | 5.90 | +52.54% |
| Interest Expenses | 3.40 | 2.90 | +17.24% |
| Operating Expenses | 3.50 | 2.50 | +40.00% |
What’s Driving the Growth?
The bank’s profitability was largely powered by a 141.67% surge in non-interest income, which rose to KES 2.9 billion, and a 130.77% increase in income from government securities, which reached KES 3 billion.
These gains helped offset a 9.38% decline in income from loans and advances, which dropped to KES 2.9 billion from KES 3.2 billion in Q3 2024.
Total interest income rose to KES 6.1 billion, up from KES 4.7 billion, while deposits in other institutions slightly declined to KES 148 million.
On the cost side, interest expenses climbed to KES 3.4 billion, and operating expenses rose to KES 3.5 billion, reflecting the bank’s continued investment in operations and risk provisioning.
Capital and Risk Position
Sidian Bank also strengthened its capital base:
- Core capital rose to KES 6.8 billion (+41.67%)
- Total capital increased to KES 8.5 billion (+28.79%)
Net non-performing loans (NPLs) remained relatively stable at KES 3.8 billion, while insider and staff loans rose to KES 2 billion, up from KES 1.5 billion.
The bank’s total assets grew by 66.67%, reaching KES 95 billion, up from KES 57 billion in Q3 2024, an indicator of expanding operations and stronger liquidity.
Market Position
Sidian Bank’s Q3 2025 results reflect a well-executed strategy focused on diversifying revenue streams, strengthening capital buffers, and enhancing operational efficiency. With continued investment in government securities and digital infrastructure, the bank is positioning itself as a competitive player in Kenya’s evolving financial services landscape.
