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Sidian Bank has inaugurated its 49th branch in Olkalou, Nyandarua County, as part of its plan to enhance its presence in the Mt. Kenya region and support the growth of SMEs and agribusinesses.
Situated along the Gilgil-Nyahururu highway, the state-of-the-art branch is expected to serve a dynamic region known for its agricultural activities, trade, and emerging businesses.
The bank reported a 92% increase in profit after tax for the first half of 2025, reaching Sh1.01 billion, up from Sh523 million in the same period last year. This growth was fueled by a 42.8% rise in net interest income and a 136.6% increase in non-interest income, bringing total operating income to Sh3.55 billion.
Sidian Bank CEO Chege Thumbi stated, “Our presence here is both strategic and purposeful. We are committed to supporting every farmer, trader, and small business with the capital, Biashara loans, SME solutions, and digital banking services they need.”
Thumbi also shared that the bank’s balance sheet has grown to Sh76.5 billion, bolstered by deposits exceeding Sh60 billion, with aspirations to achieve Tier 2 status by the end of 2025.
Nyandarua Governor Moses Kiarie Ndirangu Badilisha, who attended the launch, praised the bank’s investment, noting that the new branch will significantly contribute to the county’s economic development by improving access to credit and banking services.
The Olkalou branch further strengthens Sidian Bank’s presence in Central Kenya as the bank continues to expand both its physical network and digital platforms to broaden financial service access.
