I&M Group's net profit jumped 17.4 percent to Sh5.6 billion in the half year ended June 2024, helped by higher income from lending to customers at a time of high interest rates in the economy.
The tier one lender reported a 35.2 percent jump in net interest income to Sh16.5 billion in the period. I&M's Kenyan unit drove the growth in interest income, increasing its net interest income by 37 percent to Sh11.2 billion.
