I&M bank net profit grows to Sh8.5 billionNSE-listed bank I&M Holdings has reported a growth in net profit for the year ended 2018 to Sh8.5 billion from Sh7.3 billion recorded last year, driven by interest income. I&M Holdings recorded an increase in interest income to Sh25.99 billion from Sh24.4b recorded during the previous period. The lender's loan book grew to Sh166.73 billion from Sh153.08 billion recorded during the previous period. On Tuesday, Equity declared a net profit of Sh19.8 billion for the year ended December 2018. SEE ALSO :Kenyan shilling unchanged, seen firmingDuring the same period, Kenya Commercial Bank made a Sh24 billion net profit last year, a 21.8 per cent jump from Sh19.7 billion in 2017 on lower costs and sustained incomes.

Source: Standard Digital March 27, 2019 07:41 UTC