This archive report was first published on 29 August 2019.
On August 29, 2019, I&M Bank released its half-year results, showing a significant increase in profits.
The bank's net profits jumped up by 17 percent from KSh3.9 billion in the first half of 2018 to KSh4.5 billion in the first half of 2019.
Financial assets at fair value through other comprehensive income saw a notable increase of 69.9%, rising from KSh8.064 billion to KSh13.702 billion.
Loans and advances to customers grew by 5.7% to KSh172.16 billion in June 2019, up from KSh162 billion in June 2018.
Customer deposits also increased, reaching KSh237 billion from KSh210.89 billion in the previous half-year period.
The pretax profit rose by 15.22% to KSh6.22 billion, while earnings per share increased by 18.223% to KSh10.38.
