The lender expanded its workforce and branch network across East Africa as customer numbers and profits continued to grow.
By
Edna Mwenda
Business Reporter
Nation Media Group
I&M Group saw its staff count rise by 355 last year as the Kenyan banking multinational accelerated its regional expansion strategy, with most of the new jobs added in Kenya.
The lender’s profit after tax and minority interest rose from Sh7.73 billion in the previous similar period, overtaking Standard…
I&M Group made Sh10.2 billion after tax in the six months to June, with Rwanda and Uganda growing fast while Kenyan earnings…
I&M achieved a 24.8 percent growth in total operating income over the three-months period to Sh16.1 billion from Sh12.9 billion…
The lender increased its holding through a capital injection and the buyout of minority shareholders, signalling confidence in…
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NCBA had expanded its asset gap with I&M to Sh183.06 billion by the end of December 2022.
