NAIROBI, Kenya– I&M Group has announced a sharp rise in earnings for the first six months of 2025, with profit before tax climbing 34 percent to Sh11.7 billion.
The lender had posted Sh8.7 billion in the same period last year.
The stronger performance was credited to growth across all markets, with regional subsidiaries in Rwanda, Tanzania, Uganda, and Mauritius accounting for nearly a quarter of total profits.
“The subsidiary markets’ contribution of 24% to the Group’s Profit Before Tax underscores the success of our regional expansion strategy. By leveraging cross-market collaboration and investing in digital innovation, we are building a resilient and diversified business that consistently delivers value to our shareholders and customers across East Africa,” said Regional CEO Kihara Maina.
The Group’s assets expanded 4 percent to Sh589 billion, while the loan book rose slightly to Sh290 billion.
Customer deposits were up 2 percent to Sh429 billion.
Non-performing loans declined to Sh10.9 billion from Sh14.7 billion a year earlier.
Operating income grew 21 percent, lifted by a 24 percent increase in net interest income.
Loan loss provisions edged up to Sh4.1 billion, reflecting caution on asset quality, while operating costs rose 11 percent, linked to technology and branch expansion.
I&M Bank Kenya, the Group’s flagship subsidiary, reported a 31 percent jump in pre-tax profit, supported by stronger lending activity and a surge in customer numbers.
Over 110,000 new clients joined the bank this year, with customer satisfaction reported at 81 percent.
“Our half-year results reflect our continued commitment to delivering relevant solutions and a superior customer experience,” said I&M Bank Kenya CEO Gul Khan.
“The strong double-digit growth across both our retail and corporate segments is a testament to the trust our customers place in us.”
Subsidiaries across the region also posted solid numbers.
Rwanda saw a 45 percent profit increase, Tanzania grew to Sh582 million from Sh408 million, Uganda expanded 23 percent, and Mauritius’ Bank One reported a 25 percent rise.
Looking ahead, the lender said it will bank on digital innovation and cross-border synergies to sustain growth through the second half of the year.
