Banking / Financial Services
"I&M Bank is a wholly owned subsidiary of I&M Holdings Limited, a publicly quoted company at the Nairobi Securities Exchange (NSE). The bank possesses a rich heritage in banking. Started in 1974, it evolved from a community financial institution to a publicly listed major regional commerci... read mo"
I&M Bank is a fully owned subsidiary of I&M Holdings Limited, a publicly traded entity listed on the Nairobi Securities Exchange (USE). With a distinguished banking legacy, the institution originated in 1974 as a community-focused financial provider before expanding into a prominent regional commercial bank offering comprehensive corporate and retail banking solutions. It operates 35 branches in Kenya and maintains international presence across three additional countries. Recognized as a key player in the Kenyan financial sector, I&M Bank has demonstrated sustained growth and a commitment to innovation in product and service offerings.
CDC Group plc, a development finance institution wholly owned by the UK government, holds an approximate 10.68% stake in I&M Holdings, the parent company of I&M Bank Ltd. Additionally, the bank benefits from a technical collaboration with the International Finance Corporation, which supports staff training, product development, and risk management initiatives. I&M Bank also secures medium-term foreign currency credit facilities from leading European development finance institutions, including Prop arco, DEG, and FMO.
Its international correspondent banking network comprises major global financial institutions such as Bank One Ltd, Citibank NA, Commerzbank AG, Deutsche Bank AG, ICICI Limited Mumbai, Mash req Bank PLC, Standard Bank of South Africa, and Standard Chartered Bank NY. The bank’s overseas operations include Bank One Limited (Mauritius), I&M Bank Tanzania Limited, and I&M Bank Rwanda, offering specialized banking services including commercial banking, asset finance, mobile banking, internet banking, investment management, diaspora banking, credit/debit/prepaid cards, and wealth management.
