Banking / Financial Services
"I&M Bank: A subsidiary of I&M Holdings, publicly listed at USE."
I&M Bank is a subsidiary of I&M Holdings Limited, a publicly traded entity listed on the Nairobi Securities Exchange (USE). With a distinguished banking legacy, the bank traces its origins to 1974, when it began as a community-focused financial institution before expanding into a prominent regional commercial bank providing comprehensive corporate and retail banking solutions. Operating 35 branches across Kenya and maintaining an international presence in three additional countries, I&M Bank holds a strong market position in Kenya, characterized by steady growth and a commitment to innovation in product offerings and services.
CDC Group plc, a UK government-owned development finance institution, holds a 10.68% stake in I&M Holdings, the parent company of I&M Bank Ltd. The bank also benefits from a technical assistance agreement with the International Finance Corporation, which supports staff training, product enhancement, and risk management initiatives. Additionally, I&M Bank maintains medium-term foreign currency credit facilities with leading European development financial institutions, including Prop arco, DEG, and FMO.
Its global correspondent banking network includes major multinational institutions such as Bank One Ltd, Citibank N.A., Commerzbank AG, Deutsche Bank AG, ICICI Limited Mumbai, Mash req Bank PLC, Standard Bank of South Africa, and Standard Chartered Bank N.Y. Through its international subsidiaries—Bank One Limited (Mauritius), I&M Bank Tanzania Limited, and I&M Bank Rwanda—the bank delivers specialized banking solutions including commercial banking, asset financing, mobile and internet banking, investment management, diaspora banking, card services (credit, debit, and prepaid), and wealth management.
