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.
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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…
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…
The lender increased its holding through a capital injection and the buyout of minority shareholders, signalling confidence in…
NMB Bank Plc has signed two strategic financing agreements worth a combined $180 million (over Sh450 billion) with International…
NMB Bank Plc has signed two strategic financing agreements worth a combined $180 million (over Sh450 billion) with International…
