Friday, March 28, 2014

Kenya’s I&M Bank Posts a $57.5 million Profit For 2013

Kenya-based I&M Bank Group recorded a profit of 20.8 percent profit after tax in the year ending December 2013, with earnings rising from the Sh4.12 billion ($47.6 million) in 2012 to Sh4.98 billion ($57.5 million). The bank said profit was buoyed by improved lending, which was encouraged by stability of interest and foreign exchange rates. Loan grew from Sh71 billion ($820 million) to Sh91.9 billion ($1.1 billion). Customer deposits also increased to Sh97.1 billion.

DailyNation

More details here...

No comments:

Post a Comment