I&M Bank H1 25 Profit After Tax Climbs 36% to KSh 8.3B

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I&M Group PLC has posted strong earnings for the first half of 2025, with profit after tax rising 36.40% to KSh 8.31 billion. The growth was supported by higher income from both lending activities and non-interest revenue streams.

In its results released on August 18, 2025, the Group reported a 23.70% rise in net interest income to KSh 20.43 billion, while non-interest income grew 12.90% to KSh 6.95 billion. Operating expenses increased by 12.63% to KSh 16.09 billion, contributing to a 20.80% rise in operating income, which reached KSh 27.39 billion.

Profit before tax climbed 34.70% to KSh 11.30 billion, while profit after tax stood at KSh 8.31 billion. Earnings per share increased 37.92% to 4.51.

The balance sheet also recorded growth. Total assets rose 4.35% to KSh 588.92 billion, while total equity expanded 23.30% to KSh 106.52 billion. Customer deposits grew 2.39% to KSh 429.37 billion, and loans and advances increased 2.15% to KSh 290.26 billion. Gross non-performing loans declined 1.36% to KSh 34.37 billion. Equity rose by 23% to KSh 106.5 billion.

Commenting on the results, Gul Khan, CEO of I&M Bank Kenya, said: “Our half-year results reflect our continued commitment to delivering relevant solutions and superior customer experience. The strong double digit growth across both our retail and corporate segments is a testament to the trust our customers place in us.”

“We will continue to invest in both our physical channels and digital transformation as we expand our reach to serve more Kenyans, empowering them to achieve their financial goals.”

“The subsidiary markets’ contribution of 24% to the Group’s Profit Before Tax underscores the success of our regional expansion strategy. By leveraging cross-market collaboration and investing in digital innovation, we are building a resilient and diversified business that consistently delivers value to our shareholders and customers across East Africa.” Kihara Maina, Regional CEO at I&M Group PLC, noted.

The wider banking sector has posted mixed outcomes in H1 25. KCB Group reported an 8% rise in net profit to KSh 32.3 billion, supported by steady asset growth and regional diversification.

The bank announced its largest-ever interim payout of KSh 13 billion, split between an interim dividend of KSh 2.00 per share and a special dividend of KSh 2.00 linked to the sale of the National Bank of Kenya.

Co-operative Bank recorded a profit after tax of KSh 14.08 billion, up 8.39% from last year, continuing its four-year streak of half-year profit growth. Equity Group reported a 17% rise in profit after tax to KSh 34.6 billion, following a record second quarter.

Absa Bank Kenya PLC posted a 9% increase in net profit to KSh 11.7 billion, supported by operational efficiency and revenue diversification. Stanbic Bank Kenya, however, reported a 9% decline in profit after tax to KSh 6.5 billion due to reduced interest income and higher operating costs.

Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.