Kenya's I&M Bank on Wednesday reported a 9.2% rise in first-half pretax profit to 3.8 billion shillings ($43 million), helped up by a rise in net interest income. Banks in East Africa’s biggest economy have raked in higher earnings so far in 2014, buoyed by rising lending on the back of steady interest rates and economic growth. The bank, which also operates in Mauritius, Tanzania and Rwanda, said net interest income climbed 20% to 4.98 billion shillings. EPS rose to 12.46 shillings during the six months compared with 12.21 shillings previously. (Reuters)
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