I&M Bank Limited I&M also moved to Tier I after takeover of Giro Bank.
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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, 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).
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.
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 headquarter. The building is located at the Junction of 1st Parklands Avenue and Limuru Road in Nairobi.
Here is a List of I&M Bank Limited Branches in Kenya
As of February 2018, the bank maintained a network of 42 branches, at the following locations. Each branch has an on-site ATM.
I&M Bank Kenyatta Avenue Branch
I&M Bank Tower, Kenyatta Avenue, Nairobi
I&M Bank Karen Branch
Karen Office Park, Langata Road, Karen, Nairobi
2nd Ngong Avenue Branch
I&M Bank House, 2nd Ngong Avenue, Nairobi
I&M Bank Sarit Centre Branch
1st Floor, Sarit Centre, Westlands, Nairobi
I&M Bank Biashara Street Branch
Ansh Plaza, Biashara Street, Nairobi
I&M Bank Industrial Area Branch
KCC Building, Changamwe Road, Nairobi
I&M Bank Langata Link Branch
Langata Link Complex, Langata South Road, Nairobi
I&M Bank Valley Arcade Branch
Kenol Kobil Station, Gitanga Road, Nairobi
I&M Bank Panari Sky Centre Branch
Nairobi-Mombasa Road, Nairobi
I&M Bank Parklands Branch
Centre Point, Parklands Road, Parklands, Nairobi
I&M Bank Wilson Airport Branch
Pewin House, Wilson Airport, Nairobi
I&M Bank Ongata Rongai Branch
First Floor, Maasai Mall, Ongata Rongai, Nairobi
I&M Bank South C Branch
South C Shopping Centre, Nairobi
I&M Bank Riverside Drive Branch
14 Riverside Drive, Nairobi
I&M Bank Nyali Branch
Nyali Cinemax, Main Nyali Road, Mombasa
I&M Bank Mombasa Branch
Biashara Building, Nyerere Road, Mombasa
I&M Bank Kisumu Branch
Bon Accord House, Oginga Odinga Street, Kisumu
I&M Bank Nakuru Branch
Polo Centre, Kenyatta Avenue, Nakuru
I&M Bank Eldoret Branch
Ground Floor, Zion Mall, Uganda Road, Eldoret
I&M Bank Changamwe Branch
First Floor, Refinery Building, Refinery Road, Mombasa
I&M Bank Kisii Branch
Royal Tower, Hospital Road, Kisii
I&M Bank Malindi Branch
First Floor, Pine Court Building, Lamu Road, Malindi
I&M Bank Nyeri Branch
Ground Floor, Hopewell Place, Gakere Road, Nyeri
I&M Bank Thika Branch
Ground Floor, 80 West Place, Opposite Tuskys Supermarket, Thika
I&M Bank Gigiri Branch
Ground Floor, Gigiri Square, United Nations Avenue, Nairobi
I&M Bank Mtwapa Branch
Ground Floor, Mtwapa Mall, Mombasa-Malindi Road, Mtwapa
I&M Bank Lavington Mall Branch
First Floor, Lavington Mall, off James Gichuru Road, Nairobi
I&M Bank Kitale Branch
Ground Floor, Mega Centre Mall, Kitale
I&M Bank Lunga Lunga Branch
First Floor, Lunga Lunga Mall, Lunga Lunga Road, Industrial Area, Nairobi
I&M Bank Yaya Centre Branch
Fourth Floor, Yaya Centre, Argwings Kodhek Road, Nairobi
I&M Bank Gateway Mall Branch
Gateway Mall, Mombasa Road, opposite Syokimao Railway Station, Nairobi.
I&M Bank Garden City Mall Branch
Garden City Mall, Thika Road, Nairobi
I&M Bank Milele Mall Branch
Milele Mall, Ngong Town
I&M Bank Nanyuki Branch
Ground Floor, Hussein Building, Nanyuki
I&M Bank Cross Road Branch
Off River Road, Nairobi
I&M Bank Meru Branch
Ground Floor, P&K Plaza, Moi Avenue, Meru
I&M Bank Eldama Park Branch
Eldama Park, Nairobi
I&M Bank Banda Street Branch
Banda Street, Nairobi
I&M Bank Dunga Road Branch
Dunga Road, Industrial Area, Nairobi
I&M Bank Ridge Court Branch
Ridge Court, Parklands, Nairobi
I&M Bank Haile Selassie Branch
Patel Samaj Building, Haile Selassie Avenue, Mombasa
I&M Bank Spring Valley Branch
Ground Floor, Block B, Spring Valley Business Park, Nairobi.
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