Topic: I&M Bank
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 ...
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, ...
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...
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....
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 ...
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....
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...
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....
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...
I&M Bank waives bank-to-mobile wallet charges on its digital banking platform
Feb 15, 2023 at 10:49 PM
The I&M Bank has announced that it has waived bank-to-mobile wallet charges from its On The GO (OTG) digital banking platform....