Sidian Bank has reported a KES 1.74 billion after-tax profit for the year ended December 31, 2025, up 500% from KES 287.4 million in FY2024, supported by a strong revenue growth.
The bank recorded significant expansion in its balance sheet, underpinned by an increase in customer deposits, which grew by 62.9% to KES 72.3 billion from KES 44.4 billion a year earlier. The surge in deposits is primarily attributed to the onboarding of major public sector accounts. Sidian Bank serves as the principal banker for Nairobi City County health facilities and facilitates the collection of contributions for the Social Health Insurance Fund (SHIF), alongside other licensed banks. The lender’s loans and advances rose by 10.7% to KES 27.5 billion.
Meanwhile, total assets reached KES 90.8 billion, up 50.8% year-on-year, while total equity edged higher by 41.1% to KES 9.72 billion, equivalent to about 10.7% of the asset base.
Net interest income climbed 54.4% to KES 4.4 billion, while total non-interest income surged 119.7% to KES 3.8 billion, supported by an eleven-fold growth in other income. Consequently, total operating income rose sharply by 79.1% to KES 8.2 billion.
Asset Quality and Liquidity
Gross non-performing loans grew by 6.7% to KES 8.2 billion while net non-performing loans declined by 10.2% to KES 3.6 billion. The lender increased loan loss provisions on non-performing loans by 17% to KES 3.1 billion, with the coverage ratio improving to 37.7% from 34.4%.
Sidian bank’s liquidity ratio improved from 65.8% to 75.7% in FY2025, more than three times the 20% statutory requirement set by the Central Bank of Kenya (CBK).
Sidian Bank Upgraded to Tier II lender
In September 2025, the CBK upgraded Sidian Bank Limited to a mid-sized peer group lender after it attained a market share of 1%, supported by strong growth in assets and deposits.
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