I&M Bank has had an impressive year, with its FY 2024 Results showing solid growth across key areas. The bank’s operating income jumped by 20% to Ksh 51.2 billion, a strong sign that its efforts are paying off. At the same time, operating expenses increased by 15.7% to Ksh 23.5 billion, showing the bank’s ability to manage costs while pushing for growth.
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What’s really exciting for shareholders is the 24.8% increase in profit after tax, which reached Ksh 16.6 billion. This growth in profit is a clear indication of the bank’s financial health and its capacity to deliver value. Plus, I&M has announced a final dividend of Ksh 1.70 per share, a gesture that rewards investors for their trust and patience.
Looking at the bank’s journey over the past few years, it’s clear that I&M has been steadily building on its success. The growth in profits and dividends reflects not just strong performance, but also a solid strategy. It’s the kind of result that gives confidence, both to customers and to those who’ve invested in the bank.
I&M’s expansion across East Africa also continues to strengthen its position. With operations in Kenya, Rwanda, Mauritius, Tanzania, and Uganda, the bank is growing its reach and influence in the region. This regional presence adds to I&M’s overall strength, allowing it to tap into diverse markets and serve a broader customer base.
Another thing worth noting is I&M’s steady growth in dividend payouts. From Ksh 1.125 per share in 2020 to Ksh 3.00 per share in 2024, the bank’s commitment to sharing its success with shareholders is clear. This consistent increase is a reassuring sign of I&M’s ability to maintain strong financial health year after year.
To sum it up, I&M’s FY 2024 results paint a picture of a bank on the rise:
With solid growth, strong profits, and an expanding presence in East Africa, the future looks bright for both the bank and its investors. Whether you’re a shareholder or a customer, it’s clear that I&M is moving in the right direction.
