I&M holdings recently released their half-year results. The bank’s net profits jumped up by 17 percent from KSh3.9 billion in the first half of 2018 to KSh4.5 billion in the first half of 2019.
I&M reported a 69.9% increase in its financial assets at fair value through other comprehensive income from KSh13.702 billion compared to Ksh8.064 billion.
The loans and advances to customers increased by 5.7% to Ksh 172.16 billion in June 2019 from Ksh 162 billion in June 2018.
Deposits from customers also went up to Ksh 237 billion from Ksh 210.89 billion in the previous half-year period.
The pretax profit increased by 15.22% to Ksh 6.22 billion from 5.39 billion. The earnings per share also increased by 18.223% from ksh8.78 to Ksh 10.38.
