I&M Group Corporate Performance Highlights
I&M Holdings PLC - PAT up 13% Year on Year
Statement of Comprehensive
Income
YTD Mar-20
YTD Mar-21
Kshs Mn
Kshs Mn
Mar 21 vs Mar
20
Y-Y %
Net Interest Income
3,497
4,313
23%
Non Funded Income
2,217
1,825
-18%
Total Operating Income
5,714
6,139
7%
Operating Expenses
2,465
2,804
-14%
Profit before Loan Loss
3,249
3,335
3%
Provisions
Loan Loss Provisions
555
759
-37%
Profit before Share of JV
2,694
2,576
-4%
Share of Profit from JV
(207)
84
141%
Profit Before Tax
Profit After Tax
2,487
2,660
7%
1,663
1,887
13%
in
Holdings
Comments
Growth attributed to increased lending and a better
cost of funds.
NFI Growth has been subdued by the slow down in
business and reduced customer transactions as a
result of the pandemic
The YoY increase is attributed to increased
investments in technology and personnel with
expected benefits in improved operational efficiencies
and better customer experiences
The provision charge is reflective of the risky credit
environment that has been exacerbated by the
pandemic impact on the economy
Bank One in Mauritius has reversed its fortunes and
has posted a profit as the economy bounces back
after lockdown and a lower credit provision.
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