I&M Bank Limited

From Wikipedia, the free encyclopedia
Jump to: navigation, search
I&M Bank Limited
Private company
Industry Financial Services
Founded 1974 (1974)
Headquarters I&M Bank Tower
Nairobi, Kenya
Key people
S.B.R. Shah (Chairman), Sarit Raja- Shah (Executive Director), Kihara Maina (CEO)[1]
Products Loans, transaction accounts, credit cards, debit cards, savings, prepaid cards, trade finance, mortgages
Revenue Increase Aftertax: US$59+ million (KES:6.03+ billion) (Financial Year 2015)
Total assets US$US$1.57 billion (KES:160 billion)(September 2016)
Parent I&M Holdings Limited
Website www.imbank.com
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 September 2016, the bank's total assets were valued in excess of US$1.57 billion (KES:160 billion), with shareholders' equity of approximately US$294 million (KES:30+ billion).[3] As of 2016, the bank was ranked 10th, by assets, out of the 41 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]

In 2013, I&M Bank created I&M Holdings Ltd, which was subsequently listed and publicly traded on the Nairobi Securities Exchange.

Branch network[edit]

As of August 2014, the bank maintains a network of branches, at the following locations:[8]

  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
  31. GatewayMall Branch - Mombasa road (opposite to Kappa Oil Co Ltd and Syokimao railway station), Nairobi
  32. Garden City Mall Branch - Garden City Mall, Thika Road, Nairobi
  33. Milele Mall Branch - Milele Mall, Ngong Town Nairobi
  34. Nanyuki Branch - Hussein Building, Ground Floor Nanyuki
  35. Cross Road Branch - Off River Road Nairobi

See also[edit]


  1. ^ I&MBL, . "I&M Bank Limited: The Board of Directors". I&M Bank Limited (I&MBL). Retrieved 7 August 2014. 
  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&MBK, . "The Branch Network of I&M Bank Kenya Limited". I&M Bank Kenya (I&MBK). Retrieved 7 August 2014. 

External links[edit]