I&M Holdings PLC Financial Overview and Strategic Outlook
Performance Highlight
M
Holdings
Balance Sheet Growth
Loan Performance
Non Funded Income
I&M Holdings PLC, recorded a 14% growth in its Balance Sheet size for its
2020 Full Year Financial Results, up from Kshs. 315.2 billion in 2019 to
Kshs.358.09 billion in 2020, bolstered largely by growth in customer deposits
The Group, in line with its Brand Promise on placing its customers' interests
first, instituted a raft of measures aimed at cushioning them from the COVID-
19 crisis. Key among them was increased financing to businesses supporting
COVID-19 mitigation measures, waiver of fees of select loans like Mortgages
and loan repayment holidays for its lending customers. The Group's lending
book therefore recorded a growth of 7% compared to December 2019, to
close at Kshs 187.3 billion up from Kshs 175.3 billion for the similar period last
year
Growth of non funded income was marginal during the year, subdued by the
different emergency measures arising from the pandemic, to facilitate online
customer transactions free of cost for a certain duration this however has
accelerated the use of Alternative Banking Channels.
12View entire presentation