I&M Bank Limited

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I&M Bank Limited
Private company
Industry Financial Services
Founded 1974
Headquarters I&M Bank Tower
Nairobi, Kenya
Key people
S.B.R. Shah
Sarit Raja- Shah
Chief Executive Officer[1]
Products Loans, retail accounts, credit cards, debit cards, savings, prepaid cards, trade finance, mortgages
Revenue Increase Aftertax: US$49.2 million (KES:4.19+ billion) (2013)
Total assets US$1.29+ billion (KES:110.3 billion) (2013)
Website Homepage
Headquarters, I&M Bank Tower, Nairobi, Kenya

I&M Bank Limited, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.[2]


As of December 2013, the bank's total assets were valued in excess of US$1.29 billion (KES:110.3 billion), with shareholders' equity of approximately US$240.8 million (KES:20.5+ billion).[3] At that time, the bank was ranked 10th, by assets, out of the 43 licensed banks in the country.[4] I&M Bank serves the banking needs of large and small business customers as well as individuals, with emphasis on large and medium-sized corporations.


The bank traces its history to 1974 when Investments & Mortgages Limited was formed as a private company providing personalised financial services to business people in the Nairobi area. In 1980, I&M, as the company was known at that time, was registered as a Financial Institution under the Banking Act. Following changes in the regulations of the Central Bank of Kenya, the banking regulator in the country, I&M became a commercial bank in 1996.

In 2002, the present headquarters building, a 16-storey glass and steel skyscraper known as the I&M Bank Tower, was opened on Kenyatta Avenue, in Nairobi's central business district. The following year, I&M Bank acquired Biashara Bank of Kenya Limited, expanding I&M's branch network, client base and assets under management.

In 2007 DEG and PROPARCO, two International development financial institutions, invested approximately US$4.5 million to acquire 11.96 percent shareholding in I&M Bank. That shareholding was later increased to 19.7 percent. In 2008, I&M Bank acquired a 50 percent ownership in First City Bank Limited (FCB) of Mauritius. FCB has since rebranded itself as Bank One Mauritius. In 2010, I&M Bank acquired a controlling shareholding in CF Union Bank of Tanzania. CF Union Bank has since rebranded into I&M Bank (Tanzania).[5] In July 2012, I&M Bank Group took a controlling interest in Commercial Bank of Rwanda (BCR), the second-largest commercial bank in the country at the time, for an undisclosed sum of money.[6] In August 2013, BCR rebranded to I&M Bank Rwanda.[7]

I&M Bank Group[edit]

I&M Bank Limited is a member of the I&M Bank Group, a financial services provider in Eastern Africa, with an asset base in excess of US$1.635 billion (KES:141.36 billion), as of December 2013.[8] The Group is a conglomerate of businesses, primarily in the financial services sector, with subsidiaries in the Eastern African countries of Kenya, Mauritius, Rwanda and Tanzania. Shares of the Group are listed on the Nairobi Stock Exchange, where they trade under the name I&M Holdings Limited, using the symbol IMHL. The companies that compose the Group include the following:

Branch network[edit]

As of August 2014, the bank maintains a network of branches, at the following locations:[10]

  1. Kenyatta Avenue Branch - I&M Bank Tower, Kenyatta Avenue, Nairobi
  2. Karen Branch - Karen Office Park, Langata Road, Nairobi
  3. 2nd Ngong Branch - I&M Bank House, 2nd Ngong Avenue, Nairobi
  4. Sarit Centre Branch - First Floor, Sarit Centre, Westlands, Nairobi
  5. Biashara Street Branch - Ansh Plaza, Biashara Street, Nairobi
  6. Industrial Area Branch - KCC Building, Changamwe Road, Nairobi
  7. Langata Link Branch - Langata Link Complex, Langata South Road, Nairobi
  8. Valley Arcade Branch - Kenol Kobil Station, Gitanga Road, Lavington, Nairobi
  9. Panari Sky Centre Branch - Panari Sky Centre, Mombasa Road, Nairobi
  10. Parklands Branch - Centre Point, Parklands Road, Parklands, Nairobi
  11. Wilson Airport Branch - Pewin House, Wilson Airport, Nairobi
  12. Ongata Rongai Branch - First Floor, Maasai Mall, Ongata Rongai
  13. South C Branch - South C Shopping Centre, South C, Nairobi
  14. Riverside Drive Branch - 14 Riverside Drive, Nairobi
  15. Nyali Branch - Nyali Cinemax, Main Nyali Road, Nyali, Mombasa
  16. Mombasa Branch - Biashara Building, Nyerere Road, Mombasa
  17. Kisumu Branch - Bon Accord House, Oginga Odinga Street, Kisumu
  18. Nakuru Branch - Polo Centre, Kenyatta Avenue, Nakuru
  19. Eldoret Branch - Ground Floor, Zion Mall, Uganda Road, Eldoret
  20. Changamwe Branch - First Floor, Refinery Building, Refinery Road, Changamwe, Mombasa
  21. Kisii Branch - Royal Tower, Hospital Road, Kisii
  22. Malindi Branch - First Floor, Pine Court Building, Lamu Road, Malindi
  23. Nyeri Branch - Ground Floor, Hopewell Place, Gakere Road, Nyeri
  24. Thika Branch - Ground Floor, 80 West Place, Thika
  25. Gigiri Branch - Ground Floor, Gigiri Square, United Nations Avenue, Nairobi
  26. Mtwapa Branch - Ground Floor, Mtwapa Mall, Mombasa Malindi Road, Mtwapa.
  27. Lavington Mall Branch - Lavington Mall, 1st Floor, off James Gichuru road, Nairobi
  28. Kitale Branch - Mega Centre Mall, Ground Floor, Kitale
  29. Lunga Lunga Branch - First Floor, Lunga Lunga Mall, Lunga Lunga Road, Industrial Area, Nairobi
  30. Yaya Centre Branch - Fourth Floor, Yaya Centre, Argwings Kodhek Road Nairobi


The Chairman of the Board of Directors of I&M Bank Limited is S.B.R.Shah, one of the non-Executive Directors. Sarit Shah is the Executive Director, and Arun Mathur is the Chief Executive Officer of the bank.[11]

See also[edit]


  1. ^ Guguyu, Otiato (16 May 2016). "I&M names former Barclays Tanzania boss as new CEO". Business Daily Africa. Nairobi. Retrieved 16 May 2016. 
  2. ^ CBK, . "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Central Bank of Kenya (CBK). Retrieved 7 August 2014. 
  3. ^ I&MBG, . (21 March 2014). "Audited 31 December 2013 Annual Report And Financial Statement" (PDF). I&M Bank Group (I&MBG). Retrieved 7 August 2014. 
  4. ^ Bakelele, . (28 April 2014). "Kenya Bank Rankings By Assets In 2013". Bankelele.Co.Ke. Retrieved 7 August 2014. 
  5. ^ I&MB, . "The History of I&M Bank". I&M Bank (I&MB). Retrieved 7 August 2014. 
  6. ^ New Times Staff, . (18 July 2012). "Kenyan Bank Takes Over BCR". The New Times (Kigali). Retrieved 7 August 2014. 
  7. ^ Gasore, Ben (12 August 2013). "BCR Rebrands To I&M Bank Rwanda". The New Times (Kigali). Retrieved 7 August 2014. 
  8. ^ I&MBG, . (21 March 2014). "Audited Consolidated (Group) 31 December 2013 Annual Report And Financial Statements" (PDF). I&M Bank Group (I&MBG). Retrieved 7 August 2014. 
  9. ^ Gachiri, John (26 November 2013). "I&M Targets Uganda Entry In East Africa Expansion Plan". Business Daily Africa (Nairobi). Retrieved 7 August 2014. 
  10. ^ I&MBK, . "The Branch Network of I&M Bank Kenya Limited". I&M Bank Kenya (I&MBK). Retrieved 7 August 2014. 
  11. ^ I&MBL, . "I&M Bank Limited: The Board of Directors". I&M Bank Limited (I&MBL). Retrieved 7 August 2014. 

External links[edit]