I&M Bank Rwanda: 24% Profit Surge, Rwf1.1 Trillion Assets in 2025

I&M Bank Rwanda Reports Exceptional Full-Year 2025 Performance, Exceeding Trillion Franc Asset Milestone

I&M Bank (Rwanda) PLC has announced its financial results for the full year 2025, a period characterized by robust growth, enhanced resilience, and sustained market leadership. The bank concluded the year on a remarkable trajectory, underpinned by strong earnings and consistent business expansion, marking a significant chapter in its operational history.

Financial Highlights: A Year of Substantial Growth

The year 2025 proved to be a landmark period for I&M Bank Rwanda, with total assets surging to Rwf1.1 trillion. This represents an impressive 33 per cent increase compared to the preceding year, underscoring the inherent strength of the bank’s business model and its escalating contribution to Rwanda’s economic landscape.

Profitability metrics demonstrated the bank’s adeptness at translating balance sheet expansion into shareholder value. The return on equity stood at a healthy 21.23 per cent, complemented by a return on assets of 2.38 per cent. These figures are strong indicators of the bank’s capacity to generate sustainable returns.

Profit after tax saw a substantial year-on-year increase of 24 per cent, reaching Rwf23.1 billion in 2025. Concurrently, net operating income expanded by 18 per cent to Rwf72.3 billion. In recognition of this stellar financial performance, the Board of Directors has proposed a dividend of Rwf3.44 per share for 2025, an increase from Rwf2.46 in the previous year. This proposal is subject to approval at the Annual Shareholders General Meeting scheduled for May 2026.

Driving Lending Growth and Balance Sheet Expansion

The significant expansion of the bank’s balance sheet was primarily fueled by robust growth across its lending portfolio. The net loan book experienced a remarkable 37 per cent expansion, reaching Rwf488 billion. This growth was supported by strong demand for credit and the bank’s strategic focus on financing key productive sectors of the Rwandan economy.

Several factors contributed to this strong lending performance:

• Enhanced Sales Force Effectiveness: Investments in sales training and strategy optimization led to improved customer outreach and conversion rates.
• Targeted Sector Lending Initiatives: The bank actively pursued lending opportunities in sectors deemed critical for national economic development.
• Increased Branch-Driven Sales: A concerted effort to boost sales originating from its branch network, particularly in areas outside the capital city of Kigali, yielded positive results.
• Innovative Financial Solutions: The successful rollout of tailored financial products and services designed to meet the evolving needs of its diverse customer base played a crucial role.

Strong Deposit Growth and Funding Strength

On the funding side, I&M Bank Rwanda witnessed significant momentum in deposit mobilization, with a 36 per cent increase. This growth reflects the bank’s unwavering commitment to deepening customer relationships and broadening its client base.

Operating income continued its upward trend, bolstered by:

• Higher Business Volumes: Increased transactional activity across all customer segments.
• Deeper Customer Engagement: Strategies focused on providing comprehensive banking solutions to existing customers.
• Ecosystem Banking Strategy: Steady progress in integrating banking services within broader economic ecosystems.

Furthermore, growth in interest-earning assets and meticulous balance sheet management contributed to an impressive 38 per cent surge in net interest income, directly mirroring the expansion of the loan book.

Strategic Investments and Operational Efficiency

Operating expenses saw a controlled increase of 14 per cent. This rise was a direct result of intentional investments aimed at positioning the bank for sustained long-term growth. Key areas of investment included:

• Talent Development: Programs focused on enhancing staff skills, capacity building, and professional development.
• Technology Infrastructure: Significant investments in digital platforms to improve service delivery and operational efficiency.
• Service Delivery Enhancements: Improvements across both physical branch networks and digital channels to offer a seamless customer experience.

Despite these forward-looking investments, operational efficiency continued to improve. The cost-to-income ratio strengthened to 47.62 per cent, a testament to the bank’s strong cost discipline, positive operating leverage, and the benefits derived from sustained revenue momentum.

Fostering Inclusive Growth and Social Impact

Beyond its financial achievements, I&M Bank Rwanda remains deeply committed to driving inclusive economic growth and fostering meaningful social impact. The bank’s ecosystem financing programs disbursed Rwf29.1 billion during the year, providing crucial support to businesses and entrepreneurs within priority economic sectors.

These initiatives, coupled with strategic collaborations, have had a profound positive impact on the lives of 1.1 million people. The bank has also demonstrated its commitment to environmental sustainability by planting 10,000 trees since the commencement of its 2024-2026 strategy.

The bank’s impactful programs span several critical areas:

• Financial Inclusion
• Job Creation
• Community Welfare
• Social Development
• Agriculture and Food Security

According to the bank’s management, this steadfast dedication to long-term societal impact keeps it on track to achieve its ambitious target of improving the lives of 2 million people by the end of 2026.

Customer Centricity and Industry Recognition

Customer engagement has been a cornerstone of the bank’s strategy, with notable improvements recorded across key service indicators. Simultaneously, the bank has continued to fortify its risk governance and control environment, ensuring a foundation for sustainable growth and operational resilience.

The bank’s commitment to customer-centric innovation and its exceptional performance have garnered international acclaim. In 2025, I&M Bank Rwanda was recognized as the Best SME Bank in Rwanda and the Best Retail Bank in Rwanda at the prestigious Global Banking & Finance Review Awards. These accolades highlight the bank’s leadership in delivering innovative financial solutions and its vital role in supporting the growth of small and medium-sized enterprises across the nation.

Leadership Perspective and Future Outlook

Benjamin Mutimura, Chief Executive Officer of I&M Bank Rwanda Plc, commented on the exceptional results, stating, “2025 has been a defining year for I&M Bank Rwanda as we surpassed the Rwf1 trillion asset milestone and delivered another year of strong and sustainable financial performance. These results reflect the continued confidence our customers place in us, the dedication of our employees, and the disciplined execution of our strategy.”

He emphasized that the bank’s strategic focus on building robust financial ecosystems, cultivating deeper customer relationships, and investing in digital capabilities positions it favorably for enduring long-term growth.

“We remain committed to supporting Rwanda’s economic transformation by expanding access to financial services and empowering businesses and individuals across the country. Looking ahead, we are confident that the momentum we have built will enable us to continue delivering sustainable growth while creating long-term value for all our stakeholders.”

Looking forward, Mutimura outlined the bank’s ongoing strategic priorities: ecosystem partnerships, digital innovation, operational excellence, and customer-centric growth. “These priorities will support the Bank’s ambition to further strengthen its market position while contributing meaningfully to the continued development of Rwanda’s financial sector and the broader economy,” he concluded.

About I&M Bank (Rwanda) Plc

Established in 1963, I&M Bank (Rwanda) Plc holds the distinction of being Rwanda’s oldest financial institution. Over the decades, it has evolved into a prominent player in the industry, boasting a significant nationwide presence. Offering a comprehensive suite of banking products for personal, business, institutional, and corporate clients across its various locations, I&M Bank Rwanda adeptly serves a diverse clientele. The bank operates as a subsidiary of I&M Group PLC, a leading regional financial services group with operations in Kenya, Tanzania, and Uganda, and a joint venture with CIEL Group (Bank One) in Mauritius. I&M Group possesses a rich history in banking and maintains an extensive network of correspondent banks globally, alongside strong relationships with leading international Development Financial Institutions.