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THE STANDARD By Correspondent | April 1st 2021 at 11:18:48 GMT +0300 NAIROBI, KENYA: I&M Holdings has announced a 21 per cent decline in its net profit to Sh8.41 billion last year from Sh10.77 billion in 2019. Group Chairman Daniel Ndonye attributed the decline in profitability to a tough operating environment last year due to Covid-19. During the period under review, net interest income recorded a marginal growth of one per cent to Sh15.59 billion, up from Sh15.5 billion in December 2019 due to what Ndonye said was an increased focus on growing quality interest-earning assets. The net Non-Performing Assets (NPAs) recorded a decline of 10 per cent to Sh7.84 billion.

Nairobi areaDaniel ndonyeLorient bankIm groupGroup boardKim holdingsChairman daniel ndonyeNon performing assetsI andm bankCovid 19 pandemicநைரோபி பரப்பளவுஆரியெஂட் வங்கிஇம் குழுகுழு பலகைஇம் ஹோல்டிங்ஸ்அல்லாத நிகழ்த்துகிறது சொத்துக்கள்