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Equity Bank and I&M Bank grow their Rwanda profits in the first half of 2026

1 min read

Empty bank branch with a service counter and a view over Kigali Finance and Markets
Empty bank branch with a service counter and a view over Kigali

Equity Rwanda raised profit after tax 12% to KSh 2.9 billion, while I&M Bank Rwanda grew profit before tax 53% and its balance sheet 44%.

Two Kenyan banking groups with large Rwandan subsidiaries reported higher profits from Rwanda for the six months to 30 June 2026. Equity Group Holdings published its half-year results on 19 August and I&M Group on 27 August.

Equity Bank Rwanda increased profit after tax by 12% to KSh 2.9 billion, according to Equity Group. At group level, profit after tax rose 32% to KSh 45.5 billion and total income 25% to KSh 124.9 billion. Subsidiaries outside Kenya contributed 51% of group deposits and 54% of group loans.

I&M Bank Rwanda grew profit before tax by 53% to KSh 2.4 billion, and its balance sheet expanded 44% to KSh 118 billion, Tech-ish reported from the group's results. I&M Group's profit after tax rose 22% to KSh 10.2 billion, with the non-Kenyan units accounting for 33% of group profit before tax, up from 25% a year earlier.

Both banks report in Kenyan shillings, so the Rwandan figures also reflect exchange-rate movements between the two currencies. Bank of Kigali, the largest local lender, reported its own half-year results on 31 August.

For companies choosing a bank in Rwanda, the results show regional groups continuing to expand their balance sheets in the country. The Banks guide on this site lists the licensed commercial banks and their services.

Sources