I&M Bank Rwanda Plc has recorded Rwf5.4 billion in Net Profit in the first quarter of 2025, representing a 14 per cent year on year increase driven by revenue growth from core business segments and successful execution of the bank's strategic branch expansion. According to the financial statement, net interest income increased by 22 per cent year on year to Rwf14.4 billion due to the expansion of earning assets. The bank’s total assets reached Rwf910 billion at an increase of 11 per cent year-to-date. ALSO READ: I&M Bank Rwanda registers 74% increase in net profit in 2024 Commenting on the performance, Benjamin Mutimura, CEO of I&M Bank Rwanda, said the first quarter builds on the solid foundation laid in 2024 as the bank is starting to generate the returns on investments made in customer-centric digital solutions, operational efficiency, and sustainable banking. “The growth in our loan book and deposits speaks to the trust our clients place in us, particularly within the MSME and retail segments. Our strategic campaigns like Karame and Ryoshya Iwawe have been instrumental in deepening customer relationships and expanding our market reach.” During the period under review, the bank’s net loan book grew by 12 per cent year to date to Rwf397 billion, while total deposits rose by 13 per cent to Rwf745 billion, supported by an accelerated current and saving accounts acquisition strategy and enhanced client engagement efforts. Driven primarily by the success of “Karame” retail campaign, the bank’s total customer base expanded by nine per cent year-to-date to reach 110,000. The lender’s cost-to-income ratio declined from 51.2 per cent to 45.4 per cent, as it maintained a capital adequacy ratio of 18.11 per cent. Net operating income increased by 16 per cent year on year to reach Rwf16.6 billion. The performance statement also indicates that foreign exchange income grew by 22 per cent, primarily due to an uptick in customer foreign exchange transactions volume during the period. Mutimura noted that the bank’s commitment to digital innovation and sustainability will continue to shape its transformation agenda. “Looking ahead, we will remain focused on ecosystem-led offerings, national presence expansion, and delivering shared value. Our goal is to positively impact over 2 million lives by 2026, in alignment with the country’s development ambitions.” “Our performance in 2024 reflects the success of iMara 3.0 strategy. We have aligned with Rwanda’s economic priorities while focusing on customer delight.” I&M Bank was recognised as the Best Bank in Rwanda and Best SME Bank in Rwanda by CFI and Global Finance in 2024.
