I&M Group PLC has reported a 22 per cent increase in profit after tax to KES 10.2 billion for the six months ended June 30, 2026, supported by strong operating income and increased contributions from its regional subsidiaries.
The lender’s profit before tax rose 15 per cent to KES 13.5 billion, while total operating income increased by 23 per cent to KES 33.7 billion, driven by growth in both net interest and non-interest income. Profit before provisions also increased by 22 per cent to KES 18.7 billion.
The Group’s balance sheet expanded during the period, with total assets growing by 27 per cent to KES 746 billion. Net loans and advances increased 15 per cent to KES 334 billion, reflecting continued lending across its corporate, retail and business banking segments.
Customer deposits rose 18 per cent to KES 505 billion, providing the Group with a stronger funding base to support further balance-sheet growth.
I&M Group also recorded an improvement in asset quality despite increasing provisions. Gross non-performing loans declined by 12 per cent from KES 34.4 billion to KES 30.1 billion, while the net non-performing loans ratio improved to 2.3 per cent from 4.1 per cent a year earlier.
However, loan-loss provisions increased by 38 per cent to KES 5.6 billion, reflecting the Group’s prudent approach to credit-risk management.
Regional subsidiaries continued to play a larger role in the Group’s performance, increasing their contribution to profit before tax to 33 per cent, up from 25 per cent in the corresponding period.
I&M Group Regional CEO Kihara Maina said:
“Our half-year performance demonstrates the growing strength and resilience of I&M Group across our markets. The strong growth in operating income, combined with the increasing contribution from our regional subsidiaries, reflects the disciplined execution of our diversification strategy and the value of the investments we continue to make in our customers, people, technology and distribution network,” said Kihara
The Group also surpassed several of its 2026 strategic targets. Customer numbers increased to 1.1 million, exceeding its target of more than one million, while digitally active customers reached 92 per cent, above its aspiration of more than 90 per cent.
Its Net Promoter Score stood at 73 per cent, surpassing the 70 per cent target, indicating improved customer experience. The Group said it had positively impacted 16.8 million lives, exceeding its three-year target of 10 million lives by the end of 2026.
The MSME segment recorded a 41 per cent increase in revenue, highlighting growing demand from small and medium-sized businesses. Approximately KES 15.7 billion in financing was accessed through digital channels, while digital businesses and ecosystem partnerships contributed 21.7 per cent of Retail and Business Banking operating income, up from 14 per cent in the same period last year.
Investor confidence also strengthened during the period. I&M Group’s share price rose approximately 64 per cent, from KES 42.45 at the beginning of 2026 to KES 69.50 on June 30, making it one of the leading banking counters on the Nairobi Securities Exchange during the period.
The Group continued to expand its social and environmental impact initiatives, investing nearly KES 270 million in programmes that supported 686 scholarships and empowered more than 20,000 women and young people.
Through the I&M Foundation, the Group also supported entrepreneurship initiatives, including the Predators’ Den programme in partnership with GIZ and The Maa Trust.
According to the bank, environmental conservation remained a priority, with more than 1.45 million trees grown and continued efforts to plant one million mangrove trees to restore degraded coastal ecosystems and strengthen community climate resilience.