I&M Holdings has reported 13% increase to Ksh 4 billion in after tax profit for the 6 month period ended in June 2018.
Interest income grew by 7.3% to Ksh 9 billion while while operating expenses rose 8.4% to Ksh 4.3 billion. Staff costs rose 10.2% to Ksh 2 billion while other operating expenses rose 6.6% to Ksh 1.5 billion.
Loans and advances to customers grew 12.6% to Ksh 162 billion while customer deposits rose by 31% to Ksh 210 billion. Total non-performing loans increased by 149% to Ksh 18.2 billion.
The group’s assets increased by24% to Ksh 283 billion while liabilities increased by 27% to Ksh 235 billion.