I&M Group PLC has recorded a Profit After Tax of Ksh13.3 billion for the year ended December 31, 2023.
The regional financial services provider with operations in Kenya, Rwanda, Tanzania, Uganda and Mauritius attributed the 15 per cent profit growth to an increase in their operating income.
"Building upon the success of our recently concluded iMara 2.0 strategy, we have witnessed remarkable achievements in both profitability and growth in our various business units. As we venture into the next chapter with our iMara 3.0 strategy, our primary aim is to sustain the growth through continued focus on enhancing our digital solutions platforms and building an ecosystem to support our customers’ businesses, as we seek to become Eastern Africa’s Leading Financial Partner for Growth,” I&M Group PLC, Regional CEO Kihara Maina stated.
I&M Bank celebrates its golden jubilee this year marking 50 glorious years since its incorporation in 1974. The entrepreneurial spark of the Founder and Chairman Emeritus, SBR Shah, MBS ignited a vision of greatness that has seen I&M Bank grow from a community-based lending outfit to a regional financial services Group with a presence in 5 countries.