Nairobi, June 9 -- I&M Group has now overtaken NCBA Group in total assets, signaling 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 on asset base after KCB Group (Sh2.254 trillion), Equity Group (Sh2.036 trillion) and Co-operative Bank of Kenya (Sh884.57 billion).

The crossover marks a milestone for I&M which has historically trailed larger tier-one lenders but has in recent years ramped up its expansion in Kenya's mass market segment. I&M has been growing its assets, mainly on growth in loan book, narrowing its gap wi...