Kihara Maina, I&M Group Regional CEO
I&M Group PLC has reported a strong financial performance for the third quarter of 2025, posting a 26% year-on-year increase in Profit Before Tax (PBT) to KES 17.8 billion, up from KES 14.1 billion in the same period last year. Profit After Tax (PAT) also rose by 27% to KES 12.7 billion, reflecting sustained earnings momentum across its regional operations.
The Group attributed the improved performance to the successful execution of its customer-centric growth strategy, continued digital innovation, operational efficiencies, and a strengthened regional footprint across East Africa and Mauritius. Regional subsidiaries contributed 23% of the total PBT, underscoring the impact of the Group’s diversification.
Strong Balance Sheet Growth
I&M Group’s balance sheet remained robust, with total assets rising by 13% to KES 640 billion. The loan portfolio expanded by 7% to KES 302 billion, while customer deposits recorded a 10% increase to KES 456 billion, driven by growth in both current accounts and term deposits.
The Group also reported a significant 27% decline in net non-performing loans, dropping to KES 10 billion, a result of strengthened risk management and improved asset quality.
Income Statement Performance
Operating income registered a 20% growth, supported by a 21% rise in both net interest income and non-funded income streams.
Loan loss provisions increased to KES 6.7 billion, up from KES 5.5 billion, in line with the Group’s prudent approach to managing credit risks. Operating expenses (excluding provisions) grew by 14% to KES 19.1 billion, reflecting continued strategic investments in technology, talent, and branch network expansion.
Following the strong performance, the Board approved an interim dividend of KES 1.50 per share, marking a 15% increase from the KES 1.30 declared during the same period in 2024.
I&M Bank Kenya Performance
I&M Bank Kenya posted a 26% year-on-year growth in PBT, driven by a 21% rise in operating income. The bank’s total assets grew by 8%, while customer deposits increased by 10% to KES 439 billion. Loans and advances rose modestly by 2% to KES 218 billion.
The Bank recorded strong gains in brand visibility, rising from 21% to 34%, attributed to enhanced customer engagement, digital-first solutions, and targeted campaigns.
Digital adoption remained high, with 78% of customers digitally active and 81% of all transactions conducted outside branches, demonstrating the Group’s progress in driving convenience and inclusion.
Despite a challenging macroeconomic environment, the Bank maintained its NPL ratio below the industry average and sustained an impressive NPS score above 70%.
“We remain committed to delivering sustainable growth while elevating customer experiences through digital-first solutions such as Solo Biz and I&M FX Direct,” said Mr. Kihara Maina, Regional CEO & Interim CEO of I&M Bank Kenya.
Regional Markets Drive Growth
Across its regional footprint, I&M Group recorded strong performances:
- I&M Rwanda reported a 21% growth in PBT and a 5% increase in operating income. Loans and deposits grew by 28% and 20% respectively (38% and 29% in local currency).
- I&M Tanzania posted a 40% increase in operating income and a 35% rise in operating profit, driven by recoveries and higher net interest income. Total assets grew by 26%.
- I&M Uganda saw a marginal decline in operating income but recorded 25% growth in total assets, supported by a 21% expansion in both loans and deposits.
- Bank One Mauritius, the Group’s joint venture, reported a 4% increase in PBT in local currency, with strong growth in assets and customer deposits, despite a 4% decline in loans.
Reflecting on the Group’s performance, Mr. Maina noted, “Each market is now a distinct engine of growth for the Group. As we advance our ambition to become East Africa’s leading financial partner for growth, we remain focused on delivering solutions that empower businesses and individuals to thrive.”
Future Outlook
With the financial landscape becoming increasingly digital and borderless, I&M Group says it is well-positioned to deepen its market leadership through innovative, customer-first financial solutions that offer flexibility, security, and convenience.
The Group plans to continue leveraging digital transformation, regional expansion, and targeted customer strategies to drive long-term sustainable growth across its markets.