NAIROBI,Kenya,May 26-I&M Group has reported a 19% increase in Profit After Tax to KES 5.0 billion for the first quarter of 2026, up from Sh4.2 billion in the same period last year.<\/p>\n
Profit Before Tax rose 9% to Sh6.4 billion, while total revenue increased 24% to Sh16.1 billion. Net interest income grew 31% to Sh12 billion, compared to a 7% rise in non-interest income to Sh3.8 billion.<\/span><\/p>\n Total assets increased 31% to Sh743 billion. Customer deposits rose 26% to Sh512 billion, while the loan book expanded 10% to Sh323 billion.<\/span><\/p>\n The Group recorded a 42% increase in customer numbers year-on-year.<\/span><\/p>\n Operating expenses rose 28% as the Group expanded branch infrastructure, invested in staff development, and strengthened its brand and distribution network.<\/span><\/p>\n Net non-performing loans declined 33% year-on-year to Sh8.4 billion. Gross non-performing loans fell from Sh34 billion to Sh32 billion. <\/span><\/p>\n Provisions increased 63% year-on-year as the Group raised coverage buffers across its markets.<\/span><\/p>\n Subsidiaries contributed 31% of Profit Before Tax.<\/span><\/p>\n The bancassurance business grew revenues by 33%, supported by a 148% rise in underwritten premiums to Sh3.5 billion. <\/span><\/p>\n Wealth management revenues increased 209% to Sh229 million.<\/span><\/p>\n Capital and liquidity ratios remained stable across subsidiaries.<\/span><\/p>\n \u201cThese results reflect the growing strength of our regional franchise and the trust our customers continue to place in us,\u201dsaid Regional CEO Kihara Maina.<\/span><\/p>\n \u201cAs a Group, our focus remains firmly anchored on our purpose of empowering your prosperity and we do this by supporting individuals, businesses, and communities with the financial solutions they need to grow and thrive. \u201c<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" NAIROBI,Kenya,May 26-I&M Group has reported a 19% increase in Profit After Tax to KES 5.0 billion for the first quarter of 2026, up from Sh4.2 billion in the same period last year. Profit Before Tax rose 9% to Sh6.4 billion, while total revenue increased 24% to Sh16.1 billion. Net interest income grew 31% to Sh12 […]<\/p>\n","protected":false},"author":14438,"featured_media":115637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1343],"tags":[934,18495],"coauthors":[9476],"class_list":["post-115636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banks","tag-featured","tag-im"],"yoast_head":"\n