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I&M Bank Rwanda

IMR · Rwanda Stock Exchange · Incorporated in Rwanda · Company statements

On this page
Company details
Legal name
I&M Bank (Rwanda) Plc
Incorporated in
Rwanda
Listing
IMR on the Rwanda Stock Exchange, active (observed 2026-10-06)
Sector
Banking (our classification from the stated principal activity)
Activity
Banking and related services.
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, final status not established · source

Read with these figures

  • Annual report not confirmed as final. The published copy is unsigned and undated. The FY2025 figures come from it.
Full wording and sources

  • Annual report for 2025: final status not established

    Auditor's report names the partner and is dated March 03, 2026, but carries no signature in this copy (PDF p42, page image). The board approval sentence under the statement of financial position stops at 'approved and authorized for issue by the Board of' (PDF p43): no date or signatures are printed.

    Source: I&M Bank (Rwanda) PLC Integrated Annual Report and Financial Statements 2025 (dated 2026-03-03)

  • Net interest income

    RWF 67.9 billion

    67,856,924 RWF thousands · p42

    +37.5% vs 2024

    Interest income less interest expense, as printed.

  • Net operating income before change in expected credit losses and other credit impairment charges

    RWF 83.2 billion

    83,182,233 RWF thousands · p42

    +22.7% vs 2024

    The bank's own total of its income lines before credit impairment and operating expenses, under its full printed label (the text layer splits the label; checked on the page image, PDF p42). It is not revenue.

  • Profit / (loss) for the year

    RWF 23.2 billion

    23,150,106 RWF thousands · p42

    +24.4% vs 2024

  • Total assets

    RWF 1.09 trillion

    1,090,886,425 RWF thousands · p43

    +33.4% vs 2024

  • Customer deposits

    RWF 733 billion

    732,915,207 RWF thousands · p43

    +30.6% vs 2024

  • Total equity

    RWF 122 billion

    121,678,865 RWF thousands · p43

    +21.7% vs 2024

Large amounts are rounded for reading (RWF million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in RWF thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, final status not established; reported for the year · source
  • FY2024 — annual report, final status not established; comparative in the FY2025 filing · source
  • FY2023 — annual report, signed / final; comparative in the FY2024 filing · source

Income statement

Income statement, RWF thousands. Columns: FY2025 — annual report (final status not established), as reported for the year; FY2024 — annual report (final status not established), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Interest income calculated using the effective interest method 95,813,918 73,501,660 55,817,926
Other Interest and similar income1 643,074 668,623 284,592
Interest expense calculated using effective interest rate2 (26,299,936) (22,381,854) (19,846,675)
Other Interest and similar expense34 (2,300,132) (2,439,604) (925,791)
Net interest income 67,856,924 49,348,825 35,330,052
Fee and commission income 9,448,464 8,689,071 6,198,237
Fee and commission expense (5,639,850) (4,312,291) (3,841,152)
Net fee and commission income 3,808,614 4,376,780 2,357,085
Revenue5 71,665,538 53,725,605 37,687,137
Net trading income 8,964,772 10,778,117 8,994,974
Realized gains on disposal of financial assets-FVOCI6 881,404 –7 Not reported in this filing8
Other operating income 1,670,519 3,298,510 1,923,065
Net operating income before change in expected credit losses and other credit9 83,182,233 67,802,232 48,605,176
Net impairment charge on loans and advances 417,458 (6,572,290) (2,803,467)
Impairment losses on non-current asset held for sale10 (11,233,283) –11 Not reported in this filing12
Net operating income13 72,366,408 61,229,942 45,801,709
Employee benefits (19,427,677) (14,812,242) (12,011,898)
Other operating expenses (14,959,664) (15,111,113) (13,683,544)
Depreciation and amortization1415 (4,830,478) (4,492,323) (4,531,087)
Operating expenses16 (39,217,819) (34,415,678) (30,226,529)
Profit before income tax 33,148,589 26,814,264 15,575,180
Income tax expense (9,998,483) (8,205,570) (4,885,157)
Net profit for the year after tax 23,150,106 18,608,694 10,690,023
Total other comprehensive income for the year 2,279,051 4,850,669 (568,411)
Total comprehensive income for the year 25,429,157 23,459,363 10,121,612
  1. Printed “-”, read as nil: subtotal_arithmetic: is.total_operating_income.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.native.co_3ds80kbhqm68.net_operating_income.
Notes and alternative reported figures (14)
  1. Printed under different labels across filings: “Other Interest and similar income”; “Other interest and similar income*”.
  2. Printed under different labels across filings: “Interest expense calculated using effective interest rate”; “Interest expense calculated using the effective interest method”.
  3. “Other Interest and similar expense” is an issuer-specific line, not mapped to a shared definition: Note 9.
  4. Printed under different labels across filings: “Other Interest and similar expense”; “Other interest and similar expense*”.
  5. “Revenue” is an issuer-specific line, not mapped to a shared definition: Printed 'Revenue': net interest income plus net fee and commission income.
  6. “Realized gains on disposal of financial assets-FVOCI” is an issuer-specific line, not mapped to a shared definition: As printed.
  7. Not reported in this filing: The 2024 report (PDF p55) prints no FVOCI disposal-gains line.
  8. Printed under different labels across filings: “Net operating income before change in expected credit losses and other credit”; “Net operating income before change in expected credit losses and other credit impairment charges”.
  9. “Impairment losses on non-current asset held for sale” is an issuer-specific line, not mapped to a shared definition: As printed.
  10. Not reported in this filing: The 2024 report (PDF p55) prints no held-for-sale impairment line.
  11. “Net operating income” is an issuer-specific line, not mapped to a shared definition: After expected credit losses and other impairment.
  12. “Depreciation and amortization” is an issuer-specific line, not mapped to a shared definition: Note 13(iii).
  13. Printed under different labels across filings: “Depreciation and amortisation”; “Depreciation and amortization”.
  14. “Operating expenses” is an issuer-specific line, not mapped to a shared definition: Printed subtotal of employee benefits, other operating expenses and depreciation.

Balance sheet

Balance sheet, RWF thousands. Columns: FY2025 — annual report (final status not established), as reported for the year; FY2024 — annual report (final status not established), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Cash and balances with National Bank of Rwanda 84,280,625 52,252,663 85,543,980
Due from banks 139,107,444 155,067,078 74,462,501
Due from group companies1 2,215,338 7,884,573 9,745,444
Financial assets measured at fair value through other comprehensive income 91,946,511 72,788,288 58,893,631
Financial assets at fair value through profit or loss 1,535,092 2,274,180 1,872,070
Financial assets at amortized cost2 221,337,382 119,507,317 85,391,887
Loans and advances to customers 487,979,579 356,291,981 313,892,313
Other assets 12,099,265 4,978,404 11,182,507
Intangible assets 3,403,461 3,148,659 2,985,829
Property and equipment and right of use assets3 31,094,882 28,405,332 21,215,402
Investment Property 15,886,846 15,274,137 13,588,671
TOTAL ASSETS 1,090,886,425 817,872,612 678,774,235
Deposits from banks 165,130,831 98,301,292 162,522,953
Deposits from customers 732,915,207 561,122,983 376,545,358
Current income tax payable4 4,017,257 2,050,387 1,180,051
Other liabilities 20,590,433 12,936,341 13,737,015
Due to group companies5 2,704,023 1,272,021 Not reported in this filing6
Deferred income tax 3,517,231 3,912,462 1,758,737
Borrowed funds7 40,332,578 38,306,418 44,380,776
Total liabilities (unlabelled subtotal) 969,207,560 717,901,904 600,124,890
Share capital 15,150,000 15,150,000 15,150,000
Share premium 6,249,832 6,249,832 6,249,832
Retained earnings 91,470,664 72,041,558 55,570,864
Revaluation reserves 8,095,554 6,568,867 1,962,506
Fair value reserve 712,815 (39,549) (283,857)
Shareholders' equity (unlabelled subtotal) 121,678,865 99,970,708 78,649,345
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 1,090,886,425 817,872,612 678,774,235
Notes and alternative reported figures (7)
  1. “Due from group companies” is an issuer-specific line, not mapped to a shared definition: Note 19.
  2. Printed under different labels across filings: “Financial assets at amortised cost”; “Financial assets at amortized cost”.
  3. “Property and equipment and right of use assets” is an issuer-specific line, not mapped to a shared definition: Note 24.
  4. Printed under different labels across filings: “Current income tax”; “Current income tax payable”.
  5. “Due to group companies” is an issuer-specific line, not mapped to a shared definition: Note 29.
  6. Not reported in this filing: The 2024 statement of financial position (PDF p55) prints no due-to-group-companies line.
  7. Printed under different labels across filings: “Borrowed funds”; “Long term debt”.

Cash flow

Cash flow, RWF thousands. Columns: FY2025 — annual report (final status not established), as reported for the year; FY2024 — annual report (final status not established), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Cash flows generated from (used in) / operating activities (15,524,766) 17,291,331 72,411,737
Interest received1 95,613,931 72,606,119 55,097,939
Interest paid23 (27,157,893) (25,671,304) (20,780,461)
Tax paid4 (9,137,212) (5,984,111) (6,534,722)
Net cash flows generated from (used in) / operating activities 43,794,060 58,242,035 100,194,493
Purchase of property and equipment (4,413,610) (3,881,399) (2,519,298)
Purchase of intangible assets (2,178,599) (1,353,352) (1,514,847)
Proceeds from disposal of property and equipment 4,346 22,600 –5
Rent on investment property6 975,391 992,920 Not reported in this filing7
Net cash used in investing activities (5,612,472) (4,219,231) (4,034,145)
Dividend paid (3,721,000) (2,138,000) (2,794,000)
Repayment of principal portion of lease liabilities8 (1,032,654) (889,889) (845,140)
Proceeds from long term debt 10,138,000 1,300,000 11,659,000
Principal repayment on long term debt (11,021,187) (11,743,000) (20,961,082)
Net cash inflows/(outflows) from financing activities (5,636,841) (13,470,889) (12,941,222)
Net increase / (decrease) in cash and cash equivalents 32,544,747 40,551,915 83,219,126
Cash and cash equivalents at start of the year 192,829,248 152,316,678 73,395,731
Effect of exchange rate fluctuations on cash and cash equivalents held9 (18,174) (39,345) (4,298,179)
Cash and cash equivalents at end of the year 225,355,821 192,829,248 152,316,678
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (8)
  1. Printed under different labels across filings: “Interest received”; “Interest received*”.
  2. “Interest paid” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  3. Printed under different labels across filings: “Interest paid”; “Interest paid*”.
  4. Printed under different labels across filings: “Tax paid”; “Tax paid*”.
  5. “Rent on investment property” is an issuer-specific line, not mapped to a shared definition: Note 12; investing activities.
  6. Not reported in this filing: The 2024 cash-flow statement (PDF p57) prints no rent-on-investment-property line.
  7. Printed under different labels across filings: “Repayment of principal portion of lease liabilities”; “Repayments of lease liabilities”.
  8. Printed under different labels across filings: “Effect of exchange rate fluctuations on cash and cash equivalents held”; “Effect of exchange rate fluctuations on cash and cash equivalents held**”.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (final status not established), as reported for the year; FY2024 — annual report (final status not established), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Earnings / (loss) per share (per share)1 15.28 12.28 7.06
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic and diluted earnings per share - (Frw)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividend paid (3,721,000) RWF thousands Annual report, p44
31 Dec 2024 Dividends paid (cash flow statement) Dividend paid (2,138,000) RWF thousands Annual report, p44
31 Dec 2023 Dividends paid (cash flow statement) Dividend paid (2,794,000) RWF thousands Annual report, p57

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • I&M Bank (Rwanda) PLC Integrated Annual Report and Financial Statements 2025

    Year ended 31 December 2025 · Annual report · final status not established

    Audit: Ernst & Young Rwanda Limited, unmodified opinion

    Auditor's sign-off: Ernst & Young Rwanda Limited; partner in charge Stephen K. Sang

    Final status: Auditor's report names the partner and is dated March 03, 2026, but carries no signature in this copy (PDF p42, page image). The board approval sentence under the statement of financial position stops at 'approved and authorized for issue by the Board of' (PDF p43): no date or signatures are printed.

    Document date
    3 Mar 2026
    Auditor's report
    3 Mar 2026
    Board approval
    date left blank in this document
    Retrieved by us
    7 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · RWF thousands (printed “Frw'000”)
    • The issuer's Rwanda homepage (imbankgroup.com/rw/) answered with a bot challenge on 2026-10-06 and was not used; the report file itself (www.imbankgroup.com/rw/wp-content/uploads/…) was fetched normally (robots.txt allows it).
    • The approval sentence under the statement of financial position is cut off after 'by the Board of' (PDF p43, checked on the page render); the board approval date is not printed.
    Technical details
    File
    91 pages, with a text layer
    SHA-256
    c8822a63fd9ae682ccdc72dae08414cf992ce811fa8314da5bab55d870346fa7
    Entity as printed
    I&M Bank (Rwanda) Plc
    Note
    Earlier versions of this report are on the issuer's site: '…/2026/05/Annual-Report_2025_250525_DW-1.pdf' (SHA-256 97e0f1b7dd77…; differs from this copy only on narrative pages 3-4, 17, 21-22, 25, 32, 35-36, 48, 76-77, 80, 82, 84, 89-90, not on the statements) and a June version that now answers 404. A shorter 'Financials for Publication FY2025' (SHA-256 2134e7c18c6e…) is also there. The latest full report is used.
    Issuer copy
    retrieved 2026-10-07T00:58:14Z · curl

  • I&M Bank (Rwanda) PLC Integrated Annual Report and Financial Statements 2024

    Year ended 31 December 2024 · Annual report · signed / final

    Audit: KPMG Rwanda Limited, unmodified opinion · signed

    Auditor's sign-off: KPMG Rwanda Limited; engagement partner CPA Wilson Kaindi (PC/CPA/0642/0123)

    Final status: Auditor's report signed for KPMG Rwanda Limited (engagement partner CPA Wilson Kaindi) and dated 28th March 2025 (PDF p54, page image); statements approved by the board on 17th February 2025 and signed by the chief executive officer and the chairperson of the board audit committee (PDF p55, page image).

    Document date
    28 Mar 2025
    Auditor's report
    28 Mar 2025
    Board approval
    17 Feb 2025
    Retrieved by us
    7 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023
    Basis
    company statements · RWF thousands (printed “Frw'000”)
    • Lines marked '*' were reclassified for presentation (other interest income and expense split from the effective-interest lines; revaluation moved within OCI); the 2023 cash-flow column is headed 'Restated' (interest and tax shown separately, PDF p57).
    • Two printed pages per PDF page; the statement of profit or loss and the statement of financial position are printed side by side on PDF p55 and their lines interleave in the text layer.
    Technical details
    File
    105 pages, with a text layer
    SHA-256
    bf751e01ef3b3d77227aed3a4b8775b4bda2b1760416ef3a8983fa259e7e7d42
    Entity as printed
    I&M Bank (Rwanda) Plc
    Issuer copy
    retrieved 2026-10-07T00:58:17Z · curl

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been checked against its cited source page in an AI-assisted source verification (7 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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