I&M Holdings has reported a 30 per cent drop in net profits for the nine months to September 2020 as lenders continue absorbing the shocks of the Covid-19 pandemic.
The financial statements released on Monday shows that the Group's earnings contracted from Sh6.6 billion last year to Sh4.5 billion this year. The lender had other income of Sh606 million, lifting its total comprehensive income to Sh5.1 billion in the reporting period, compared to a total comprehensive income of Sh6.9 billion in 2019.
