SBM Bank Kenya has launched its 34th branch in Nanyuki Town, expanding its physical presence and strengthening its focus on emerging commercial hubs across the country.
The new branch is designed to serve a growing pool of small and medium-sized enterprises, real estate developers, agribusinesses and other businesses operating across Nanyuki, Timau and the wider Mt. Kenya region.
Beyond these sectors, the branch will support the region’s conservancy economy, including Ol Pejeta, Lewa, Borana and Loisaba, as well as high-end tourism lodges, large-scale flower and horticulture exporters and the British Army Training Unit Kenya (BATUK).
Laikipia Governor Joshua Irungu said the region’s agribusiness, tourism, real estate and manufacturing sectors provide significant opportunities for private-sector investment and called on businesses to explore the region’s economic potential.
The new branch aims to provide conservancies, horticulture exporters, SMEs, farmers and institutional customers with a dedicated local banking partner, combining in-person advisory services with SBM Bank Kenya’s digital banking solutions.
SBM Bank Kenya CEO Bhartesh Shah said Nanyuki represents a high-growth market where relationship banking and digital convenience can work together to support customers and the bank’s expansion strategy.
The launch follows SBM Bank Kenya’s financial results for the six months ended 30 June 2026. Profit before tax increased by 171.3% to KSh 548 million, while net profit after tax rose 88.2% to KSh 380.2 million. Operating profit increased by 279% to KSh 852 million.
Customer deposits grew 24% to KSh 94 billion, while net loans and advances increased 18% to KSh 54.1 billion. Total assets stood at KSh 109.9 billion, compared with KSh 105.7 billion at the end of December 2025.
The bank also reported an improvement in asset quality, with the gross non-performing loan ratio declining to 17.3% from 32.4% a year earlier. Shareholders’ equity increased to KSh 11.1 billion.
The Nanyuki branch follows SBM Bank Kenya’s Kilifi branch, launched in July 2025, and forms part of the bank’s strategy to deepen market penetration and improve access to financial services beyond Kenya’s major urban centres.
