I&M Group PLC has announced an impressive 25 percent growth in Profit Before Tax (PBT), reaching Sh20.8 billion for the year ending 31st December 2024.
This performance is attributed to increased operating income, a strategic focus on Micro, Small, and Medium Enterprises (MSMEs), and digital transformation.
Commenting on the results, I&M Group PLC Regional CEO Kihara Maina underscored the company's total assets growth revealing that it has grown by 0.3 percent to an impressive Sh581 billion from its initial Sh579.7 billion which has greatly been contributed by the company's increased net interest income, expansion of customer deposits and growth in retail lending.
Maina also showed how the company has demonstrated a strong commitment in supporting MSMEs through various strategic initiatives. "Our iMara Strategy has led to remarkable gains in MSME growth, digital banking, and customer expansion.
