I&M Bank took an impressive lead topping the list ahead of Co-op Bank of Kenya Ltd, KCB group PLC and Equity group holding Ltd. The growth of the bank is attributed to expansion in total assets which grew by 7.4 per cent to Sh 340.6 billion, from Sh 317.1 billion in H1’2019 (first half of 2019). The asset quality of the I&M holding also improved as a result of reduced Non-performing loans (NPL) ration at 11.0 per cent, from 13.0 per cent in H1’2019. “The bank is set to acquire 90.0 per cent of the share capital of Orient Bank Limited Uganda (OBL). The Cytonn report has also shown a slump in the bank when it comes to the outstanding loans the bank holds.

Source: Standard Digital September 14, 2020 20:03 UTC