How retail banking propelled I&M past NCBA on asset base

I&M Bank

I&M Bank Limited Kenyatta Avenue branch in this picture taken on March 29, 2023.

Photo credit: File | Nation Media Group

I&M Group has overtaken NCBA Group in total assets, signalling a shift in Kenya’s banking pecking order driven by the former’s aggressive push into retail banking.

Latest disclosures show I&M’s balance sheet stood at Sh742.5 billion as at March 2026, marginally edging out NCBA’s Sh741.1 billion to become the fourth-largest lender by asset base after KCB Group (Sh2.254 trillion), Equity Group (Sh2.036 trillion) and Co-operative Bank of Kenya (Sh884.57 billion).

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