I&M Bank’s Profit Before Tax Up 22% To Ksh 24.2 Billion

I&M Group PLC announced earnings of KES 24.2 billion Profit Before Tax (PBT) for the year ended December 31, 2025, a 22% increase over the same period last year. The Group’s regional subsidiaries sustained a strong growth trajectory, contributing 24% of the Group’s overall performance.

The strong performance was driven by the Group’s robust operating revenues across all markets, reflecting the continued success of its regional diversification strategy. In addition, the Bank maintained a resilient and high-quality income mix, and a solid balance sheet, with the Bank’s asset base maintaining upward momentum and rising 15% to KES.668.9 billion.

As the Group accelerated the execution of its iMara 3.0 strategy anchored on supporting individuals and sectors driving East Africa’s economic growth, including Micro, Small and Medium Enterprises (MSMEs), loans and advances increased by 7% to KES.306 billion during the period.

Revenue increased by 19% to KES.60.3 billion, boosted by a 16% rise in net interest income to KShs.46 billion. At the same time, non-interest income increased by 31% to Kshs.14.4 billion, owing to positive outcomes from the ongoing revenue diversification.

Specifically, the Group registered strong growth in Bancassurance and Wealth Management Business, with Assets Under Management growing by 223% to close at KES 99B driven by strong consumer demand for wealth solutions. I&M Bancassurance Intermediary Limited also recorded strong growth, with underwritten premiums rising to KES 4.7B in 2025 from KES 2.8B in 2024, supported by an expanded client base. Commission and interest income increased by 20% to KES 549M in 2025, up from KES 457M in 2024.

Customer deposits increased by 17% in the year to Kshs.484 billion, allowing for further balance sheet expansion. Operating expenses increased by 19% on account of branch expansions, investment in brand-building initiatives and staff upskilling aimed at driving business growth.

While speaking during an investor and media briefing session on the financial results I&M Group Regional CEO Mr. Kihara Maina noted: “The Group’s strong performance is a clear testament to the growing strength, resilience and synergy of our operations across all our markets. It reflects the disciplined execution of our strategy and reinforces our confidence that we are delivering meaningful value for both our customers and shareholders. This momentum positions us firmly on the path toward our long-term ambition of becoming Eastern Africa’s leading financial partner for growth.

During the period, the Group accelerated its innovation and digitization agenda through the launch of I&M FX Direct and enhancements to the OTG platform in Kenya, driving digital adoption to 98% of transacting customers.

The Group also invested Kshs 404.7 million in its Community Investment Plan, demonstrating a strong commitment to shared prosperity across its markets. A significant portion of this investment (62%) was directed toward environmental conservation, resulting in the planting of over one million trees with a 85% survival rate, supporting climate resilience and biodiversity.

Additionally, the Group advanced human capital development by awarding 440 scholarships and supporting 95 learning institutions, while its economic empowerment programs reached 38,075 women and youth. Overall, its broader community initiatives positively impacted 348,930 lives, underscoring effective delivery of its social impact agenda.

In line with this strong performance, the Board recommended a final dividend of KES 2.25per share, bringing the total dividend to KES 3.75 per share – a 25% increase from 2024, reinforcing our commitment to delivering long-term and sustainable value to shareholders.

I&M Bank Kenya

I&M Bank Kenya, the Group’s anchor business, reported 22% growth in total operating income year-on-year to KES 40.4B in 2025 from KES 33.1B in 2024, driven by 17% growth in net interest income (NII) and 41% growth in non-interest income (NFI) while the Profit Before Tax (PBT) increased by 29% to KES 17.4B from KES 13.5B in 2024.

Operating expenses rose 15% YoY, reflective of the continued investments to support business growth and the expansion of our branch network.

The Bank’s balance sheet remained resilient, with customer deposits growth of 15% despite the tight operating environment. Asset quality equally strengthened, with the gross NPA ratio declining from 14.3% in 2024 to 13.3% in 2025.

Commenting on the results, Mr. Kihara Maina, Interim CEO of I&M Bank Kenya and Group Regional CEO, said: “Our 2025 performance reflects the resilience of our customers and our commitment to supporting their growth ambitions. We focused on deepening our relevance by strengthening tailored propositions across Agribusiness, MSMEs, SACCOs, Chamas, Retail and Corporate Banking, while maintaining customer experience above global benchmarks.”

Beyond the numbers, I&M Bank Kenya achieved Top Employer certification a milestone that reflects the Bank’s collective commitment to excellence, care, and high performance.

Strong Regional Growth

I&M Group’s regional subsidiaries continued to play a critical role in supporting the Group’s regional diversification strategy and long-term growth ambitions.

• I&M Bank Rwanda: Reported a 24% increase in Profit Before Tax in local currency, driven by increased economic activity.

• I&M Bank Tanzania: Recorded a 21% increase in Profit Before Tax in local currency, supported by strong asset growth.

• I&M Bank Uganda: Achieved a 48% increase in Profit Before Tax in local currency, with total assets growing from UGX 1.1 billion in December 2024 to UGX 1.4 trillion in December 2025.

• Bank One (Mauritius): The joint venture with CIEL Group experienced a 4% growth in Profit Before Tax in local currency.

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