Topic : I&M Bank - Swala Nyeti

Topic: I&M Bank

Rates Slashed

I&M Bank also reduces its lending rates

Dec 02, 2024 at 10:11 AM

I&M Bank has announced a 0.75 per cent reduction in its interest rates, following the Central Bank of Kenya's (CBK) recent decision to lower the Central Bank Rate (CBR)....

Customer Rewards

Gul Khan and Shehryar Ali. PHOTO/COURTESY

I&M Bank unveils new loyalty programme offering flexible cashback rewards

Nov 28, 2024 at 06:02 PM

I&M Bank has rolled out the I&M Milele Rewards, a revamped loyalty programme designed to offer more value to debit and credit card users....

Profit Surge

I&M posts 24 per cent profit increase to Sh14.1 billion, announces Sh1.30 dividend

Nov 20, 2024 at 01:31 PM

I&M Group has posted a remarkable performance for the third quarter of 2024, showing a 24 per cent increase in Profit Before Tax (PBT) to Sh14.1 billion, up from Sh11.4 billion in ...

Innovating Jobs

JAMES GATERE: Innovative programs needed to tackle youth unemployment

Oct 18, 2024 at 12:07 PM

In a world where the job market is becoming increasingly unpredictable, the partnership between I&M Foundation, The King’s Trust International (KTI) and Asante Africa Foundation ...

Strong Growth

I&M Group Regional CEO Kihara Maina. PHOTO/I&M

I&M posts Sh8.7 billion profit before tax, achieving 24 per cent growth in HY2024

Aug 22, 2024 at 08:35 PM

I&M Group PLC reported a strong financial performance for the first half of 2024, with a 24 per cent increase in Profit Before Tax (PBT) to Sh8.7 billion, compared to Sh7.0 billion...

Loan Settlement

Troubled Home Afrika to sell key assets to settle Sh79 million restructured loan

Jul 02, 2024 at 08:24 PM

Home Afrika, a Kenyan real estate developer facing financial challenges, is selling off properties to settle a restructured loan with I&M Bank....

Surging Profits

I&M Group posts 33.3 per cent surge in profit after tax to Sh3.6 billion in Q1 2024

May 24, 2024 at 10:34 AM

I&M Group has announced an impressive 33.3 per cent increase in profit after tax, reaching Sh3.6 billion for the first quarter ending March 2024....

Free Transfers

I&M Bank Kenya during the extension of free M-Pesa money transfer. PHOTO/COURTESY

I&M Bank facilitates SMEs growth with free M-Pesa and Airtel Money transfers

Apr 15, 2024 at 04:49 PM

In a bid to bolster the growth of small businesses and enhance financial inclusivity, I&M Bank has extended its offering of free M-Pesa and Airtel Money transfers to sole business ...

Surging Profits

Operating income propels I&M Group post-tax profit 15 per cent to Sh13.3 billion

Mar 27, 2024 at 12:28 AM

A surge in operating income has seen the I&M Group’s post-tax profit increase by 15 per cent to Sh13.3 billion in the full year financial results for the year ended December 31, ...

Card Fiasco

Why 150 Rwandan cardholders have sued MasterCard, I&M Bank, their Govt

Feb 17, 2024 at 09:51 PM

150 Rwandan cardholders are suing global payment company MasterCard, regional bank I&M, and the Rwanda government for USD 139 million, alleging unlawful detention and property conf...

Market Reform

CBK revolutionizes forex market with lowered trade limits and EMS launch

Jan 03, 2024 at 06:23 PM

The Central Bank of Kenya (CBK) has ushered in a new era in the formal interbank forex market by slashing the minimum trade amount from $250,000 (Sh39.3 million) to $100,000 (Sh15....

Job Cuts

Mastermind Tobacco Kenya Limited. PHOTO/COURTESY

Embattled Mastermind Tobacco terminates 1,000 jobs amid administration crisis

Dec 19, 2023 at 11:02 AM

Mastermind Tobacco (K) Ltd, the beleaguered cigarette maker owned by the late tycoon Wilfred Murungi's estate, has issued termination notices to approximately 1,000 employees just ...

Banking Profits

I&M Group loan loss provisions grow as it posts Sh8.2 billion post tax profit Q3 2023

Nov 27, 2023 at 01:00 AM

I&M Group has posted a post-tax profit growth of 14 per cent to Sh8.2 billion for the 9-month period ending September 30, 2023, from Sh7.2 billion in a similar period in 2022....

Selling Stakes

British International Investment agrees to sell 10.13 per cent stake in I&M Group

Nov 09, 2023 at 07:36 PM

British International Investment (BII) has agreed to sell its 10.13 per cent stake in I&M Group to East Africa Growth Holding, an investment vehicle established by Africinvest Fund...

Slight Dip

I&M Group's profit dips 2 per cent to Sh7 billion due to growing loan loss provisions

Aug 25, 2023 at 05:54 PM

I&M Group, a prominent financial institution, has announced a marginal 2 per cent decrease in profits, amounting to Sh7 billion, for the six months ending in June 2023....

Stagnant Profit

I&M Group Q1 profit stagnates at Sh2.5 billion amid rising non-performing loans

May 30, 2023 at 12:09 PM

I&M Group PLC, Eastern Africa's leading financial partner for growth, announced today that its profit after tax for the first three months ending March remained stagnant at Sh2.5 b...

Free Transfer