The Lower Eastern Times Opening The Third Eye
Related Articles
I&M Group has reported a 34 percent jump in pre-tax profit for the first half of 2025, rising to Sh11.7 billion from Sh8.7 billion a year earlier.
The lender credited the growth to robust performance across its regional subsidiaries in Rwanda, Tanzania, Uganda, and Mauritius, which jointly contributed 24 percent of the Group’s earnings.
Click here to join our WhatsApp Channel
“This contribution highlights the strength of our regional expansion strategy. By fostering cross-border collaboration and investing in digital solutions, we are creating a resilient, diversified business that delivers long-term value,” said Regional CEO Kihara Maina.
The Group’s assets expanded by 4 percent to Sh589 billion, with customer deposits closing at Sh429 billion and loans at Sh290 billion. Non-performing loans dropped to Sh10.9 billion from Sh14.7 billion, signaling improved credit risk management.
Operating income rose 21 percent, supported by a 24 percent growth in net interest income. Provisions for loan losses grew to Sh4.1 billion, while operating expenses (excluding provisions) increased 11 percent due to technology, staffing, and branch investments.
In Kenya, the flagship I&M Bank delivered a 31 percent increase in profit, boosted by strong retail and corporate banking growth. The lender added more than 110,000 new customers in the period and reported an 81 percent customer satisfaction rate.
Click Here To Subscribe To Our YouTube Channel
Across the region, I&M Rwanda registered a 45 percent rise in pre-tax profit, I&M Tanzania grew earnings to Sh582 million from Sh408 million, and I&M Uganda posted a 23 percent increase. In Mauritius, Bank One — a joint venture with CIEL Group — recorded a 25 percent growth.
The Group expressed optimism for the remainder of 2025, pointing to regional diversification and digital innovation as the main engines of future growth.
