I&M profit after tax up 22pc to Sh10.17bn on stronger lending income
The lender reported net earnings of Sh10.17 billion in the first half of 2026, up from about Sh8.31 billion recorded in a similar period last year.
Nairobi, Kenya - I&M Group has reported a significant 22.35% increase in net profit for the first half of 2026, driven by stronger lending income and an expanded loan book. The banking group's net earnings reached Sh10.17 billion, up from Sh8.31 billion in the same period last year. Net interest income grew 22.52% to Sh25.04 billion, reflecting a rise in income from loans and investments compared to the cost of deposits and other funding.
The bank's gross loan book expanded 15% to Sh333.81 billion from Sh290.26 billion in June 2025, indicating a robust lending business. The group's deposit base increased 17.65% to Sh505.16 billion, providing a larger pool of funds for lending and investments. Non-interest income also rose 24.5% to Sh8.66 billion, largely due to fees, commissions, and other revenue streams.
Additionally, asset quality improved, with gross non-performing loans falling 12.39% to Sh30.11 billion, and net NPL exposure decreasing to Sh7.58 billion, signaling a positive trend as the bank grows its lending portfolio.
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