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Originally published by The Standard Business
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August 18, 2025
2d ago

IM Bank eyes organic growth as half-year profit hits Sh11.7b

IM Bank eyes organic growth as half-year profit hits Sh11.7b

I&M Group’s profit before tax in the six months to June 30 grew by 34 per cent to Sh11.7 billion...

✨ Key Highlights

I&M Group announced a half-year profit before tax of Sh11.7 billion, a 34% increase, as the bank focuses on organic growth across its regional operations. While aiming for non-Kenyan subsidiaries to contribute 50% to its balance sheet, their current contribution to PBT slightly dropped to 24%.

  • I&M Group's profit before tax rose to Sh11.7 billion in the first half of the year.
  • The Group Chief Executive, Kihara Maina, emphasized organic growth and aims for subsidiaries outside Kenya to contribute 50% to the group's balance sheet.
  • The non-performing loan (NPL) ratio improved to 11.8%, significantly below the industry average of 17.1%.
  • I&M Bank Kenya's customer base increased by 25% to 562,000, with digital transactions reaching 12.9 million.

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