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| Daniel Ndonye, Chairman, I&M Group PLC speaks at a past event. |
During the period under review, the Group’s balance sheet and income improved while strong liquidity and a solid capital base were maintained.
The Group’s total assets grew by 15% to Kes440 billion, up from Kes382 billion in June 2021.
The loan portfolio increased by 13% to Kes231 billion, while investments in government securities were up by 17%.
The net non-performing loans stood at 2.3%, decreasing by 31% year on year on the back of increases in the loan book and recoveries.
Customer deposits closed at Kes.313 billion, a 13% increase year on year.
Net interest income for the period under review recorded a growth of 19%, closing at Kes10.5 billion, an increase from Kes8.9 billion in June 2021, reflecting improved earnings on loans and advances as well as government securities.
The strong growth in non-interest income was driven by a 44% increase in fees and commissions and a jump in foreign exchange trading income from Kes770 million in HY 2021 to Kes1.9 billion.





















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