I&M Bank Rwanda

I&M Group PLC has recorded a Profit After Tax of KES 13.3 billion (approximately UGX390 billion; over USD101 million) for the year ended 31st December 2023. This is a 15% increase from the KES11.6 billion in 2022.   The regional financial services provider with operations in Kenya, Rwanda, Tanzania, Uganda and Mauritius, attributed the 15% growth in its profits to an increase in its operating income. During the period under review, the Group’s balance sheet and income metrics improved with the liquidity and capital ratios remaining strong. 2023 Balance sheet highlights The Group’s balance sheet grew steadily with Total Assets…