I&M Rwanda H1 2022 Earnings Presentation
H1-2022 Financial highlights - ongoing execution of our iMara 2.0 strategy
Rwf 'Millions
Jun-22
Jun-21
Jun-20
Cost-to-Income Ratio
% YoY Var.
-4%
Net interest income
15,572
13,309
11,230
17.0
59.9%
Net fee income
1,075
857
768
25.4
57.8%
Trading and other income
2,965
2,134
2,067
38.9
Total operating income
19,616
16,300
14,065
20.3
Jun-21
Jun-22
Operating expenses
-11,335
-9,769
-9,144
16.0
Net operating income
8,277
6,531
4,921
26.7
Net Impairment Charge
-1,772
-1,342
-1,582
32.0
Profit Before Tax
6,505
5,189
3,339
25.4
Tax Expense
Profit After Tax
-2,277
-1,816
-1,169
4,229
3,373
2,170
Key take-aways
H1-2022 performance reflects the
continued benefits of our diversification
strategy.
NII increased on the back of the loan book
growth, revenues from investment securities
and cost of funds management.
Non-Funded Income grew on the back of
investments made on our digital platforms
and various revenue-generating initiatives
put in place by the Bank.
I&M Rwanda - H1 2022 Earnings Presentation
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