Rwanda, Mauritius subsidiaries power I&M’s 34pc profit rise
NAIROBI, Kenya, Aug 18 – I&M Group has posted a 34 percent rise in profit before tax for the first half of 2025, hitting Sh11.7 billion compared to Kenya breaking news | Kenya news today | The lender attributed the growth to strong operating revenues across its regional mar..
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I&M Group reported a significant 34% rise in profit before tax for the first half of 2025, reaching Sh11.7 billion. This growth was primarily fueled by strong performance from its regional subsidiaries in Rwanda, Tanzania, Uganda, and Mauritius, which contributed 24% of the overall profit.
- I&M Group's profit before tax increased by 34% to Sh11.7 billion in H1 2025.
- Regional CEO Kihara Maina highlighted the success of their regional expansion strategy.
- The Group's balance sheet expanded by 4% to Sh589 billion, and net non-performing loans fell from Sh14.7 billion to Sh10.9 billion.
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I&M Group Profit Surges in H1 2025; Absa Disburses KSh 47Bn; CIS Assets Grow to KSh 596.3B - August 2025
I&M Group PLC reported a significant financial uplift in the first half of 2025, with profit after tax rising by 36% propelled by an increase in net interest income. The group's profit before tax also rose by 34% to Sh11.7 billion, a growth fueled by strong performance from its regional subsidiaries in Rwanda, Tanzania, Uganda, and Mauritius. In other financial news, Absa Bank Kenya disbursed KSh 47 billion in sustainable finance during 2024 as part of its push for green finance initiatives. Meanwhile, Kenyans are increasingly investing in Collective Investment Schemes (CIS), with total Assets Under Management surging by 20.2% to KSh 596.3 billion in Q2 2025. This growth reflects increased investor confidence in the nation's financial landscape.
