{"id":2000112966,"date":"2026-05-24T12:57:56","date_gmt":"2026-05-24T10:57:56","guid":{"rendered":"https:\/\/new.igihe.com\/english\/?p=2000112966"},"modified":"2026-05-24T13:07:43","modified_gmt":"2026-05-24T11:07:43","slug":"im-bank-rwanda-posts-rwf-6-4-billion-profit-in-first-quarter-of-2026-2","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/im-bank-rwanda-posts-rwf-6-4-billion-profit-in-first-quarter-of-2026-2\/","title":{"rendered":"I&M Bank Rwanda posts Rwf 6.4 billion profit in first quarter of 2026"},"content":{"rendered":"\n

The lender\u2019s financial results for the period ending March 31, 2026 also show net operating income rising 18% to Rwf 19.7 billion, reflecting sustained business momentum despite a challenging global economic environment.<\/p>\n\n\n\n

Total assets increased by 19% year-to-date to Rwf 1.3 trillion, while net loans grew sharply by 26% to Rwf 613.8 billion, supported by strong demand from SMEs, retail customers, and corporate clients aligned with key growth sectors of Rwanda\u2019s economy.<\/p>\n\n\n\n

Customer deposits also rose by 22% year-to-date, crossing the Rwf 1 trillion mark, underscoring growing public confidence in the bank.<\/p>\n\n\n\n

The strong performance was largely driven by a 40% increase in net interest income, boosted by improved asset yields and efficient balance sheet management. Operating expenses rose by 19%, reflecting continued investments in digital infrastructure, cybersecurity, and talent development.<\/p>\n\n\n\n

Despite rising costs, the bank improved its efficiency, with the cost-to-income ratio declining to 44.4% from 47.6% year-to-date. Asset quality remained stable, with a gross non-performing loan ratio of 1.5%, while the capital adequacy ratio stood at 18.1%, well above regulatory requirements.<\/p>\n\n\n\n

Chief Executive Officer Benjamin Mutimura said the results demonstrate resilience in a difficult global environment.<\/p>\n\n\n\n

\u201cThe first quarter of 2026 reflects the continued resilience of our business model in a complex and evolving global environment. While external conditions remain uncertain, we have maintained a disciplined approach to execution, with a focus on customer-led growth and delivering sustainable long-term value for our stakeholders,\u201d he said.<\/p>\n\n\n\n

He added that customer engagement continued to strengthen business performance.<\/p>\n\n\n\n

\u201cWe continue to see strong confidence from our customers, our focus on improving the customer experience is contributing to stronger interaction levels and is having a positive impact on overall business performance,\u201d Mutimura said.<\/p>\n\n\n\n

During the quarter, the bank accelerated its digital transformation through the \u201cTsinda na Banki Muhorana\u201d campaign, encouraging increased use of mobile and online banking services.<\/p>\n\n\n\n

It also expanded its sustainability agenda through a partnership with the Rwanda Green Fund to support agritech SMEs focused on climate-resilient solutions.<\/p>\n\n\n\n

In addition, the bank advanced inclusive finance through its \u201cBerwa\u201d women-focused programme, offering tailored financial services, mentorship, and financial literacy support. The initiative earned the bank recognition as Corporate Champion for Women in Leadership 2026 at the RWIBA awards.<\/p>\n\n\n\n

Mutimura said the bank remains confident in sustaining growth while navigating ongoing macroeconomic uncertainty.<\/p>\n\n\n\n

Incorporated in 1963, I&M Bank (Rwanda) PLC holds the distinction of being the oldest bank in Rwanda. It is a subsidiary of I&M Group PLC, a leading regional financial services group in Eastern Africa with a presence in Kenya, Tanzania, and Uganda, and a joint venture with CIEL Group (Bank One) in Mauritius.<\/p>\n\n\n\n

With a comprehensive portfolio of personal, business, institutional, and corporate banking products available at its various locations, I&M Bank Rwanda caters to a diverse range of customer needs.<\/p>\n\n\n\n

\"\"
I&M Bank (Rwanda) PLC holds the distinction of being the oldest bank in Rwanda. <\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

I&M Bank (Rwanda) PLC has recorded a net profit of Rwf 6.4 billion in the first quarter of 2026, representing an 18% year-on-year growth.<\/p>\n","protected":false},"author":3,"featured_media":2000112968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,1],"tags":[151,69],"byline":[160],"hashtag":[],"class_list":["post-2000112966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-uncategorized","tag-editors-choice","tag-homehighlights","byline-theophile-niyitegeka"],"bylines":[{"id":160,"name":"Th\u00e9ophile Niyitegeka","slug":"theophile-niyitegeka","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":3}],"contributors":[{"id":160,"name":"Th\u00e9ophile Niyitegeka","slug":"theophile-niyitegeka","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":3}],"featured_image":{"id":2000112968,"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/05\/wem-1.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":985,"height":657,"sizes":{"thumbnail":{"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/05\/wem-1.jpg","width":150,"height":100},"medium":{"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/05\/wem-1.jpg","width":300,"height":200},"medium_large":{"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/05\/wem-1.jpg","width":768,"height":512},"large":{"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/05\/wem-1.jpg","width":985,"height":657},"full":{"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/05\/wem-1.jpg","width":985,"height":657}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000112966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=2000112966"}],"version-history":[{"count":1,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000112966\/revisions"}],"predecessor-version":[{"id":2000112969,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000112966\/revisions\/2000112969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000112968"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=2000112966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=2000112966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=2000112966"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=2000112966"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=2000112966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}