I&M Bank net profit grew by 27.5% to 12.67 Billion for the period ending September 30, 2025. This is a rise in profits as compared to Ksh. 9.946 billion posted in a similar period last year.
The rise in profitability was on the back of a 20.3% rise in operating income to 43.005 billion. This was driven by a 21.1% rise in net interest income to 31.819 billion while non-interest income (non-funded income) grew by 17.9% to Ksh. 11.185 billion.
On the other hand, total operating expenses grew by 15.6% to Ksh. 25.845 billion, this was due to strategic investments in technology, talent, and branch expansion. While loan loss provisions grew by 21.8% to Ksh. 6.7 billion.
I&M Bank Kenya
I&M Bank Kenya delivered a 26% year-on-year increase in Profit Before Tax, driven by a 21% uplift in total operating income. The Bank’s total assets grew by 8%, supported by a steady rise in customer deposits of 10% to KES 439 billion and loans and advances growth of 2% to 218 billion, underscoring the Bank’s strong financial position.
Subsidiary Highlights
- I&M Rwanda reported a 5% increase in operating income and a 21% growth in Profit Before Tax for the period under review. This strong performance was fueled by increased economic activity in the country with loans and deposits growing by 28% and 20% respectively. When measured in local currency, loans and deposits recorded an impressive growth of 38% and 29% respectively, year-on-year, driving increase in Net Interest Income.
- I&M Tanzania, recorded a 40% growth in operating income to KES 4.5 billion and a 35% increase in operating profit, driven by recoveries and higher net interest income. Total assets and loans and advances grew by 26% and 22% respectively (14% and 10% in local currency respectively), while customer deposits rose by 16% (5% in local currency).
- I&M Uganda recorded a marginal decline in operating income. However, total assets grew by 25% year-on-year to KES 46 billion (in KES terms), supported by notable growth of 21% in both the loan and deposit book. In local currency, loan and deposit book grew by 15% and 14% respectively.
- Bank One, Mauritius, the Group’s Joint Venture investment in Mauritius, recorded a 4% year-on-year increase in profit before tax in local currency. Net loans and advances declined by 4%, while total assets and customer deposits grew by 27% and 32% respectively in KES terms (26% and 31% growth respectively in local currency), underscoring the Bank’s resilience and adaptability in a competitive market.
| Metric | Sept 30, 2025 | Sept 30, 2024 | YoY Change |
| Net Interest Income | 31.819 B | 26.280 B | +21.1% |
| Non-Interest Income | 11.185 B | 9.485 B | +17.9% |
| Operating Income | 43.005 B | 35.764 B | +20.3% |
| Total Operating Expenses | 25.845 B | 22.362 B | +15.6% |
| Loan Loss Provision | 6.700 B | 5.500 B | +21.8% |
| Profit Before Tax (PBT) | 17.754 B | 14.115 B | +25.8% |
| Profit After Tax (PAT) + NCI | 12.675 B | 9.946 B | +27.5% |
| Total Assets | 640.417 B | 567.719 B | +12.8% |
| Total Equity | 113.786 B | 87.620 B | +29.9% |
| Customer Deposits | 455.849 B | 413.806 B | +10.2% |
| Loans & Advances (Net) | 301.905 Bn | 281.342 Bn | +7.3% |
| Gross NPLs | 33.173 Bn | 35.662 Bn | -7.0% |
| Earnings per Share (EPS) | 3.2 | 3.12 | +2.6% |
| Dividend per Share (DPS) | 1.5 | 1.3 | +15.4% |