I&M Bank profit up 31pc to Sh3.3bn in first quarter

I&M Bank Regional CEO Kihara Maina

I&M Group East Africa region CEO Kihara Maina. 

Photo credit: File | Dennis Onsongo

I&M Group has posted a 30.9 percent jump in net profit to Sh3.32 billion in the first quarter of trading ended March 2024 on increased interest income.

The jump in net earnings was from Sh2.54 billion posted in a similar three-month period of last year as net interest income, mainly from lending, grew 37.7 percent to Sh8.39 billion.

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