I&M Bank Kenya Limited

I & M Bank Kenya 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 The National Banking Supervisory Authority.

Overview

As Of September 2019, The Bank Had A Total Asset Value Of Over $2.52 Billion (261 Billion Kenyan Shillings) And Shareholders' Equity Of Approximately $424 Million (44 Billion Kenyan Shillings). As Of September 2019, The Bank Was Ranked 8th Among The 40 Licensed Banks In The Country At That Time By Total Assets. I & M Bank Provides Banking Services To Both Large And Small Corporate Clients With A Focus On Medium To Large Companies As Well As Individuals With A Focus On Premium Clients I & M Has Also Moved Into Tier 1 Following The Acquisition Of Giro Bank.

History

The Bank's History Dates Back To 1974 When Investments & Mortgages Limited Was Established As A Privately Held Company Providing Personalised Financial Services To Business People In The Nairobi Area. In 1980 I & M (then The Company) Was Registered As A Financial Institution Group Under The Banking Act. Following Changes In Regulations Of The Central Bank Of Kenya (the Country's Banking Regulator), I & M Became A Commercial Bank In 1996.

In 2002, A 16-storey Glass And Steel Skyscraper, Known As The I & M Bank Building, Opened On Kenyatta Avenue In Nairobi's Central Business District. The Following Year, I & M Bank Acquired Biashara Bank Limited Of Kenya, Expanding I & M's Branch Network, Client Base And Assets Under Management.

In 2007, Two International Development Financial Institution Groups, DEG And PROPARCO, Invested About $4.50 Million To Acquire An 11.96% Stake In I & M Bank. This Shareholding Ratio Was Later Increased To 19.7%.

In 2008, I & M Bank Acquired A 50% Ownership Stake In First City Bank Limited (FCB) Of Mauritius. FCB Has Since Rebranded Itself As First Bank Of Mauritius. In 2010, I & M Bank Acquired A Controlling Stake In CF United Bank Of Tanzania. After That, CF United Bank Changed Its Name To I & M Bank (Tanzania).

In July 2012, I & M Banking Group Acquired A Controlling Stake In Commercial Bank Of Rwanda (BCR), Then The Country's Second Largest Commercial Bank, For An Undisclosed Amount

In August 2013, BCR Changed Its Name To I & M Bank Rwanda.

In 2013, I & M Bank Created I & M Holdings Limited As The Holding Company For All Of The Group's Businesses And Subsidiaries. Shares Of The Holding Company Are Listed And Publicly Traded On The Nairobi Stock Exchange Under The Symbol I & M.

In 2020, 1 Park Avenue Opened As The New Headquarters Of I & M Banks. The Building Is Located At The Junction Of First Park Avenue And Limru Road In Nairobi.

Acquisition

In September 2015, I & M Holdings Began To Acquire Giro Commercial Bank And Merge Its Operations With Those Of I & M Bank Limited. The Process, Which Required Regulatory Approval, Ended In February 2017 When Giro Commercial Bank Relinquished Its Banking License And Became Part Of I & M Bank Kenya.

Branch Network

1. Kenyatta Avenue Branch - I & M Bank Tower, Kenyatta Avenue, Nairobi
2. Karen Branch - Karen Office Park, Langata Road, Karen, Nairobi
3. 2nd Ngong Avenue Branch - I & M Bank House, 2nd Ngong Avenue, Nairobi
4. Sarit Centre Branch - 1st Floor, Sarit Centre, Westlands, Nairobi
5. Biashara Street Branch - Ansh Square, Biashara Street, Nairobi
6. Industrial 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, Nairobi
9. Panari Sky Centre Branch - Nairobi - Mombasa Road, Nairobi
10. One Park Branch - 1 Park Avenue, Ground Floor (1st Parklands And Limuru Road Junction)
11. Wilson Airport Branch - Pewin House, Wilson Airport, Nairobi
12. Ongata Rongai Branch - Ground Floor, Maasai Mall, Ongata Rongai, Nairobi
13. South C Branch - South C Shopping Centre, Nairobi
14. Riverside Drive Branch - 14 Riverside Drive, Nairobi
15. Nyali Complex Branch - Nyali Cinemax, Main Nyali Road, Mombasa
16. Mombasa Branch - Biashara Building, Nyerere Road, Mombasa
17. Kisumu Branch - Bon Accord House, Oginga Odinga Street, Kisumu
18. Nakuru Branch - Polo Center, Kenyatta Avenue, Nakuru
19. Eldoret Branch - Ground Floor, Zion Mall, Uganda Road, Eldoret
20. Changamwe Branch - Mombasa Refinery Road, First Floor, Refinery Building
21. Kisii Branch - Royal Tower, Hospital Road, Kisii
22. Malindi Branch - First Floor, Pine Court Building, Lamu Road, Malindi
23. Nyeri Branch - Ground Floor, Nyaatha Plaza, Kimathi Way, Nyeri
24. Thika Branch - Ground Floor, 80 West Square, Across From Tuskis Supermarket, Sika
25. Village Market Branch - Village Market Shopping Centre - New Wing, 1st Floor, Limru Road
26. Sarit Centre Select Branch - Sarit Centre New Wing, Lower Ground Floor, Westlands
27. Lavington Mall Branch - Ground Floor, Lavington Mall, Off James Gichuru Road, Nairobi
28. Kitale Branch - Ground Floor, Mega Centre Mall, Kitale
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29. Lunga Lunga Branch - Ground Floor, Lunga Lunga Mall, Lunga Lunga Road, Industrial Zone, Nairobi
30. Yaya Center Branch - 4th Floor, Yaya Center, Nairobi Argwings Kodhek Road
31. Gateway Mall Branch - Gateway Mall, Mombasa Road, Opposite Nairobi Syokimao Railway Station.
32. Garden City Mall Branch - Garden City Mall, Thika Road, Nairobi
33. Nanyuki Branch - Ground Floor, Nanyuki Hussein Building
34. Cross Road Branch - Off River Road, Nairobi
35. Meru Branch - Ground Floor, P & K Plaza, Moi Avenue, Meru
36. Eldama Park Branch - Eldama Park, Nairobi
37. Dunga Road Branch - Dunga Road, Nairobi Industrial Zone
38. Ridge Court Branch - Ridge Court, Parklands, Nairobi
39. Haile Selassie Branch - Patel Samaj Building, Haile Selassie Avenue, Mombasa
40. Spring Valley Branch - Nairobi Spring Valley Business Park Block B, Ground Floor.