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Subsidiaries lift I&M Group profit 18pc in first quarter
I&M Bank plc Regional CEO Kihara Maina makes his remarks during the banks release of the 2024 Financial Results (FY2024) at the Stanley Hotel on March 26, 2025.
I&M Group reported an 18.1 percent profit growth for the three-month period ended March, becoming the first tier one lender to record a double digit growth this year, buoyed by strong performances by its regional subsidiaries.
The group’s profit after tax rose to Sh3.9 billion in the quarter to March 2025 from Sh3.3 billion a year earlier with operations in Rwanda, Tanzania, Uganda and Mauritius contributing 26 percent of profits.
