Kenya's SBM Bank Announces Sale of Mercedes Benz, Other Vehicles with Cheapest Costing KSh 750k
- SBM Bank announced the sale of motor vehicles in July 2025, inviting bids from Kenyan buyers
- The lender is seeking to sell a range of vehicle brands, including Mercedes-Benz, BMW and Isuzu, with the cheapest costing KSh 750,000
- The lender gave instructions to interested buyers, urging them to submit offers via postal address or to the SBM offices
Wycliffe Musalia has over six years of experience in financial, business, technology, climate, and health reporting, providing deep insights into Kenyan and global economic trends. He currently works as a business editor at TUKO.co.ke.
SBM Bank has announced the sale of motor vehicles of different makes and models in July 2025.
Source: UGC
The lender invited bids from Kenyans for Mercedes-Benz, BMW and Isuzu brands, among others.
How much do SBM Bank's cars cost?
According to the advert placed in the Daily Nation on Thursday, July 24, 2025, the bank offered the cheapest car model at KSh 750,000.
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The bank offered Mercedes-Benz at KSh 3.4 million and BMW at KSh 1.9 million, among other vehicles.
Below is the list of vehicles under auction by SBM Bank and their offer value.
| Vehicle make | Auction area | Offer price |
| 1. Mercedes-Benz Actros 2543 - Prime Mover | Matriz Yard, Mombasa | KSh 3.48 million |
| 2. Branding Printer | Philips Yard, Kileleshwa | KSh 750,000 |
| 3. BMW 318I | Philips Yard, Kileleshwa | KSh 1.94 million |
| 4. Mitsubishi Fuso Lorry/Truck | Collinet Auctioneers Yard, Kisumu | KSh 3.12 million |
| 5. Isuzu FVRSO | Starttruck Auctioneers Investment Yard | KSh 5.93 million |
| 6. TATA LPT1216-48 | Blackbird Storage and Auction Yard | KSh 2.94 million |
| 7. MAN TGX 24 PRIME MOVER | Matriz Yard, Mombasa | KSh 1 million |
| 8. MAN TGX 24 PRIME MOVER | Matriz Yard, Mombasa | KSh 1 million |
How to bid for SBM Bank vehicles
The bank noted that the motor vehicles are sold on an 'as is where is' basis, inviting all interested bidders to submit their offers on or before Thursday, July 31, 2025.
Source: Facebook
The bank urged interested bidders to submit their bids in a sealed envelope marked 'Tender for motor vehicle.'
The bids are to be submitted via postal address or dropped off at the SBM Bank Kenya Riverside offices.
SBM unveils insurance
Meanwhile, the lender unveiled the SBM Bancassurance Intermediary, which aims to consolidate insurance solutions into a seamless banking experience.
SBM Bank CEO Bhartesh Shah said the lender's insurance product will simplify coverage processes, enhance affordability, bundle solutions and deliver prompt claims settlements.
Shah added that the bancassurance product allows customers to manage both banking and insurance needs in one location.
Which other Kenyan banks are selling vehicles?
Family Bank announced the auction of 27 motor vehicles in Nairobi and other towns, seeking buyers of car models including Toyota, Nissan, and Mercedes-Benz, with the cheapest model going for KSh 280,000.
NCBA Bank invited Kenyans to the sale of 39 vehicles in Nairobi, Mombasa and other towns in the country, offering car models, including Toyota and Mazda, with the cheapest price of KSh 370,000.
Stanbic Bank Kenya also invited bids for the sale of 22 vehicles in Nairobi, Kiambu, Meru, Mombasa and Kisumu, with the cheapest model selling at KSh 840,000.
Source: TUKO.co.ke
