I&M Group stock gets a new CEO amid 22 percent H1 profit growth

Published on 10/08/2026 at 07:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

I&M Group stock was last at KES 82.50 on October 7, while a new CEO takes charge of the Kenyan bank. H1 profit after tax rose 22 percent to KES 10.2 billion.

IMH, KE0000000299, Illustration mit AI erstellt.

I&M Group stock was last at KES 82.50 on the Nairobi Securities Exchange on October 7, 2026, while the group moved into a new management phase at its Kenyan bank. Khusoko reported on October 6, 2026, that Abdi Mohamed took over as I&M Bank Kenya chief executive on October 5 after approval from the Central Bank of Kenya.

H1 profit rises 22 percent

The leadership change comes against a stronger first-half earnings backdrop. According to CEO East Africa on September 21, 2026, profit after tax increased 22 percent to KES 10.2 billion for the six months ended June 2026.

The same H1 report put profit before tax at KES 13.5 billion, up 15 percent year over year, while total operating income rose 23 percent to KES 33.7 billion. Return on equity improved to 17 percent from 16 percent a year earlier, giving the earnings growth a profitability measure beyond the headline profit increase.

Regional units carry more weight

Regional diversification is becoming a larger part of the group story. Operations outside Kenya contributed 33 percent of profit before tax in H1 2026, compared with 25 percent in H1 2025, according to CEO East Africa.

The balance sheet expanded at the same time. Total assets increased 27 percent to KES 746 billion, customer deposits climbed 18 percent to KES 505 billion, and net loans and advances grew 15 percent to KES 334 billion. The trade-off is visible in provisions, which rose 38 percent to KES 5.6 billion as the group raised its cost of risk to 3.6 percent from 2.8 percent.

Stock holds at KES 82.50

For investors, the key issue is whether the new CEO can preserve profit growth while managing the higher cost of expansion and credit risk. I&M Group operates across Kenya, Uganda, Tanzania, Rwanda and Mauritius, with more than 1.1 million customers and 119 branches, according to CEO East Africa.

IMH was last at KES 82.50 on the Nairobi Securities Exchange on October 7, 2026. TradingView lists December 2, 2026, as the next earnings date for I&M Group.