Subsidiaries help lift I&M Q1 profit to Sh2.7 billion

I&M branch on Kenyatta Avenue, Nairobi. FILE PHOTO | NMG

I&M Group has registered a 43.6 percent rise in net profit for the three months to March, supported by interest income from loans, investment in government securities, and a jump in the profitability of its subsidiaries.

The lender registered Sh2.7 billion in net profit in quarter one compared to Sh1.9 billion in the same period in 2021, after a 20.7 percent rise in net interest income to Sh5.2 billion from Sh4.3 billion.

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