Banking / Financial Services
"I&M Bank: Strong regional banking heritage since 1974."
I&M Bank is a fully owned subsidiary of I&M Holdings Limited, a publicly listed entity on the Nairobi Securities Exchange (USE). With a longstanding banking heritage, the bank traces its origins back to 1974, when it began as a community-based financial institution before growing into a prominent regional commercial bank. Today, it delivers a comprehensive suite of corporate and retail banking solutions, operates 35 branches across Kenya, and maintains international operations in three additional countries.
Renowned as a key player in Kenya’s banking sector, I&M Bank has demonstrated consistent growth while continuously innovating its product and service offerings. CDC Group plc, a UK government-owned development finance institution, holds approximately 10.68% of I&M Holdings, the parent company of I&M Bank Ltd. The bank further benefits from a technical support agreement with the International Finance Corporation, which covers staff training, product development, and risk management.
Additionally, I&M Bank has secured medium-term foreign currency credit facilities from European development finance institutions, including Prop arco, DEG, and FMO. Its international correspondent banking network includes leading global 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 international presence extends through subsidiaries including Bank One Limited (Mauritius), I&M Bank Tanzania Limited, and I&M Bank Rwanda. Its service portfolio encompasses specialty banking, commercial banking, asset finance, mobile banking, internet banking, investment management, diaspora banking, credit/debit/prepaid cards, and wealth management.
