NCBA had expanded its asset gap with I&M to Sh183.06 billion by the end of December 2022.
By
Patrick Alushula
Business Reporter
Nation Media Group
I&M Group has overtaken NCBA Group in total assets, signalling a shift in Kenya’s banking pecking order driven by the former’s aggressive push into retail banking.
The lender expanded its workforce and branch network across East Africa as customer numbers and profits continued to grow.
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 bank’s stock has emerged as the top gainer in the banking segment on the NSE over the past year, beating Co-operative Bank…
https://www.whatsapp.com/channel/0029VaOoulRBFLgc9Dqk493x
Kenya’s tier-1 banks have largely exhausted the pool of new digital users, and I&M Group’s disclosure that 98% of its customers…
Customer deposits grew by 11 percent to KSh551 billion, with total assets rising by 11.5 percent to KSh739 billion.
