{
  "id": 3703314,
  "title": "I&M Group Reports 22.4pc Rise in Half-Year Profit to Sh10.17 Billion",
  "url": "https://urgent.news/2026/08/27/i-m-group-reports-22-4pc-rise-in-half-year-profit-to-sh10-17-billion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T08:30:01.000Z",
  "source": {
    "name": "KahawaTungu",
    "slug": "kahawatungu",
    "url": "https://kahawatungu.com/im-group-reports-22-4pc-rise-in-half-year-profit-to-sh10-17-billion/"
  },
  "original_language": "en",
  "account": "I&M Group has announced a significant 22.35 percent increase in net profit for the half-year period ending June 2026, reaching Sh10.17 billion. The increase in profits is attributed to higher earnings from lending and growth in other income streams. The net interest income, a crucial factor in this growth, rose by 22.52 percent to Sh25.04 billion. This rise in net interest income is linked to the bank's increased lending activities, with the gross loan book expanding by 15 percent to Sh333.81 billion. The growth in lending is taking place amidst the banking sector's credit and funding pressures, where banks must balance loan expansion with borrowers' ability to service their debts. I&M's deposit base also expanded by 17.65 percent to Sh505.16 billion, providing the group with additional funds for lending and investments, thereby strengthening its funding position. Beyond interest earnings, the bank's revenue from fees, commissions, and other non-lending activities grew by 24.5 percent to Sh8.66 billion, indicating a broader improvement in the group's revenue streams. The lender's asset quality also improved, with gross non-performing loans declining by 12.39 percent to Sh30.11 billion. This reduction in bad loans gives the group some relief as it expands its lending portfolio, potentially limiting the pressure on provisions for credit losses and supporting profitability. I&M's stronger earnings, together with growth in its loan and deposit books, suggest the banking group's continued expansion in the first half of 2026.",
  "summary": "I&M Group has reported a 22.35 percent increase in net profit for the six months ended June 2026, supported by stronger earnings from lending and growth in other income streams. The banking group’s net profit rose to Sh10.17 billion from approximately Sh8.31 billion recorded during a similar period last year. Net interest income, which represents [...] The post I&M Group Reports 22.4pc Rise in…",
  "key_points": [
    "I&M Group's half-year profit rises 22.4% to Sh10.17 billion",
    "Net interest income grows 22.52% to Sh25.04 billion",
    "Loan book expands 15% to Sh333.81 billion"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}