I&M Bank Uganda ends 3-year loss streak in solid form; announces UGX5.6 bn profit and key growth in deposits and assets The I&M Group Plc’s post-Orient Bank acquisition promise to “unlock the bank’s full potential and reach out to more customers with new products and a new customer experience” begins to fully unfurl as the bank announces a solid 2022 performance.

The benefits of Orient Bank’s acquisition and subsequent rebranding to I&M Bank Uganda and thereafter integration into the larger I&M Group Plc are unfolding with the bank’s release of its first full year under the I&M brand. In results released today, the bank reported an 8.9%  jump in customer deposits from UGX573.7 billion to UGX624.6 billion in 2022, reversing a 2-year declining trend in which deposits reduced from an all-time high of UGX673.5 billion in 2019 to UGX573.7 billion in 2021.  Riding on a boost in customer deposits, the bank drove a 19% jump in lending⏤ from UGX196.8 billion to…