Tier-1 lender I&M Bank Kenya is in search of a new Chief Executive Officer (CEO) following the departure of Mr. Gul Khan who served at the helm of the bank between 2023 and late 2025. Mr. Khan, who left to pursue other interests was instrumental in advancing digital services and retail banking innovations at the Bank.
Through Shortlist, an executive search firm, I&M noted that the CEO will be tasked to lead a diverse, highly competent Executive Committee, toward single strategic objectives, removing silos and ensuring cross-functional collaboration.
Further, the lender stated that the Bank’s boss will be responsible for driving asset and profit growth, increasing return on equity, and extracting greater value from the bank’s investment in digital infrastructure.
I&M Bank Q3 2025 Performance
In the nine months ended September 30, 2025, I&M Bank Kenya recorded a 26% year-on-year growth in Profit Before Tax, supported by a 21% rise in total operating income. The Bank’s asset base expanded 8%, primarily driven by a 10% increase in customer deposits to KES 439 million and a 2% growth in Ioans and advances to KES 218 billion.
At Group level, the lender’s net profit rose by 27% to KES 12.7 billion. Total assets rose by 13% to KES 640 billion, while its loan portfolio expanded by 7% to KES 302 billion. Customer deposits reached KES 456 billion, up 10% year-on-year, largely drive by growth in CASA and term deposits. Net Non-Performing loans fell by 27% year-on-year to KES 10 billion, highlighting the Group’s prudent risk management.
The Group’s Board of Directors approved an interim dividend of KES 1.50 per share, up from the KES 1.30 declared in Q3 2024. The dividend is set to be paid on January 14, 2025.
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