Nairobi Securities Exchange Listed Lender,I&M Holdings has posted a 15.8% growth in net profit for the first three months of 2016 driven by expansion of its loan book which was up by 11.6% to KSh130.8 billion.
Its net profit for the period was at KSh2.1 billion against the previous period’s KSh1.8 billion.
Interest income grew by 15.9% compared to the previous period’s ksh 5.7 billion.
Performance of Subsidiaries
The Bank’s regional subsidiaries performance was led by Kenya at Sh1.6 billion against the previous period’s KSh1.5 billion.
Rwanda was at KSh173.7 million Vs the previous period’s KSh153.3 million.
Tanzania was at KSh 170 million Vs 2015’s KSh 65.8 million
Mauritius was at KSh 124.3 million compared to Ksh 70 Million reported in Q1 2015
