NAIROBI, Kenya, August 24 – Sidian Bank has opened its 49th branch in Olkalou, Nyandarua County, as part of its strategy to expand presence in the Mt. Kenya region and support SMEs and agribusinesses.
Located along the Gilgil–Nyahururu highway, the new ultra-modern branch is expected to serve a region regarded as a vibrant hub for agriculture, trade and emerging enterprises.
The lender posted a 92 percent jump in profit after tax in the first half of 2025, rising to Sh1.01 billion from Sh523 million a year earlier.
Growth was driven by a 42.8 percent increase in net interest income and a 136.6 percent surge in non-interest income, pushing total operating income to Sh3.55 billion.
“Establishing our presence here is not only strategic; it is purposeful,” said Sidian Bank CEO Chege Thumbi.
“We are committed to walking the entrepreneurial journey alongside every farmer, trader and small business, whether they need working capital, Biashara loans, SME solutions, or digital banking.”
Thumbi added that the bank’s balance sheet now stands at Sh76.5 billion, supported by deposits exceeding Sh60 billion, with the goal of achieving Tier 2 status by the end of 2025.
Nyandarua Governor Moses Kiarie Ndirangu Badilisha, who presided over the launch, welcomed the investment, saying the branch would play a key role in the county’s economic transformation by improving access to credit and banking services.
The Olkalou branch further strengthens Sidian Bank’s central Kenya footprint as it continues to invest in both its branch network and digital channels to expand access to financial services.
