I&M Holdings half-year pre-tax profit up 27pc

I&M Holdings, the non-operating holding company of I&M Bank Group has reported a 27 per cent growth in profit before tax for the first six months this year.

The lender saw its pre-tax profit jump to Sh4.8 billion compared to the Sh3.8 billion recorded in the same period last year, buoyed by earnings from interest on loans. Net profit increased to Sh3.3 billion in the first six months of this year compared to Sh2.5 billion recorded in the same period last year.