I&M Bank 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 national banking regulator. In April 2025, reported that Asian crime syndicates used I&M Bank to facilitate movement of money out of Kenya.
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Overview

As of September 2019, the bank's total assets were valued in excess of US$2.52 billion, with shareholders' equity of approximately US$424 million. As of September 2019, the bank was ranked 8th, by total assets, out of the 40 licensed banks in the country, at that time. I&M Bank serves the banking needs of large and small business customers with emphasis on large and medium-sized corporations as well as individuals with emphasis on premium customers I&M also moved to Tier I after takeover of Giro Bank.

History

In 1974, 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, 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 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).
In July 2012, I&M Bank Group took a controlling interest in Commercial Bank of Rwanda, the second-largest commercial bank in the country at the time, for an undisclosed sum of money.
In August 2013, BCR rebranded to I&M Bank Rwanda.
In 2013, I&M Bank created I&M Holdings Limited, as the holding company of all the group's businesses and subsidiaries. The holding company's shares of stock are listed and publicly traded on the Nairobi Securities Exchange, under the symbol I&M.
In 2020, 1 Park Avenue was opened as I&M Banks's new headquarters. The building is located at the Junction of 1st Parklands Avenue and Limuru Road in Nairobi.

Acquisition

In September 2015, I&M Holdings began the process of acquiring Giro Commercial Bank and the merging of its business with that of I&M Bank Limited. The process, which required regulatory approval, was concluded in February 2017, with Giro Commercial Bank surrendering its banking license and becoming part of I&M Bank Kenya.

Branch network

, the bank maintained a network of 40 branches in Kenya, at the following locations. Each branch has an on-site ATM.
  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 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, Nairobi
  9. Panari Sky Centre Branch – Nairobi-Mombasa Road, Nairobi
  10. One Park Branch – 1 Park Avenue, Ground Floor
  11. Wilson Airport Branch – Pewin House, Wilson Airport, Nairobi
  12. Ongata Rongai Branch – First 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 Centre, Kenyatta Avenue, Nakuru
  19. Eldoret Branch – Ground Floor, Zion Mall, Uganda Road, Eldoret
  20. Changamwe Branch – First Floor, Refinery Building, Refinery Road, 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, Nyaatha Plaza, Kimathi Way, Nyeri
  24. Thika Branch – Ground Floor, 80 West Place, Opposite Tuskys Supermarket, Thika
  25. Village Market Branch – Village Market Shopping Complex - New Wing, 1st Floor, Limuru Road
  26. Sarit Centre Select Branch – Sarit Centre New Wing, Lower Ground Floor, Westlands
  27. Lavington Mall Branch – First Floor, Lavington Mall, off James Gichuru Road, Nairobi
  28. Kitale Branch – Ground Floor, Mega Centre Mall, 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. Gateway Mall Branch – Gateway Mall, Mombasa Road, opposite Syokimao Railway Station, Nairobi
  32. Garden City Mall Branch – Garden City Mall, Thika Road, Nairobi
  33. Nanyuki Branch – Ground Floor, Hussein Building, Nanyuki
  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, Industrial Area, Nairobi
  38. Ridge Court Branch – Ridge Court, Parklands, Nairobi
  39. Haile Selassie Branch – Patel Samaj Building, Haile Selassie Avenue, Mombasa
  40. Spring Valley Branch – Ground Floor, Block B, Spring Valley Business Park, Nairobi