July 27, 2017 9:09 PM ET

Banks

Company Overview of I&M Bank (Rwanda) Limited

Company Overview

I&M Bank (Rwanda) Limited provides banking products and services. Its personal banking products and services include current accounts; and fixed deposits; personal loans, such as vehicle loans, and personal drafts; home loans that include mortgage loans, construction loans, and home equity to capitalize on an existing home; Internet and mobile banking, and electronic tax payment services; Visa prepaid, credit, and debit cards; transfer services; and foreign exchange services. The company’s business banking products and services include current accounts for sole proprietorships, partnerships, and corporations; overdrafts; construction, investment, and equipment and vehicle loans; business sav...

KN 03 AVE 9

PO BOX 354

Kigali,  

Rwanda

Founded in 1963

Phone:

250 788 162 026

Fax:

250 252 573 395

Key Executives for I&M Bank (Rwanda) Limited

Chief Finance Officer
Age: 48
General Manager of Operations & Internal Services
Managing Director & Director
Age: 51
Head of Business Development Division & Executive Director
Age: 39
Chief Internal Auditor
Age: 54
Compensation as of Fiscal Year 2017.

I&M Bank (Rwanda) Limited Key Developments

Rwandan Government Seeks To Sell Minority Stake in I&M Bank

The Rwandan Government has announced that it will sell its stake in has announced that it will sell its stake in I&M Bank (Rwanda) Limited via an Initial Public Offering (IPO). Currently the Government holds 19.61% in the bank. More details of the share sale will be announced during the launch of the IPO. Robin Bairstow, Managing Director of I&M Bank, said that, the share sale is part of the government’s plan of divesting investments they hold in the private sector. Amb. Claver Gatete, the Minister for Finance and Economic Planning, said that, “The Government expects RWF 11.5 billion from the sale of its stake in I&M Bank Rwanda. The money will be invested as initial equity in Bugesera Airport.”

Investors Mulls IPO

The Rwanda Stock Exchange anticipates that three companies will begin trading their shares this year, increasing the number of stocks listed on the bourse to 10. “We expect three initial public offerings this year,” Chief Executive Officer Pierre Celestin Rwabukumba said in a phone interview on January 4, 2015, from the capital, Kigali. “Due to disclosure restrictions I cannot tell you which ones.” Rwanda’s Capital Market Advisory Council said in April 2011 the government planned to offer shares in six companies on the domestic exchange, including I&M Bank (Rwanda) Limited and Sonarwa S.A. The New Times, a Kigali-based newspaper, reported in April 2015 the government is planning an initial public offering of its 19.8% stake in the Rwandan unit of Nairobi-based I&M Holdings Limited.

I&M Bank (Rwanda) Limited Presents at Future Bank East Africa, Sep-15-2015 04:40 PM

I&M Bank (Rwanda) Limited Presents at Future Bank East Africa, Sep-15-2015 04:40 PM. Venue: Nairobi, Kenya. Speakers: Innocent Muhizi, Chief Information Officer.

Similar Private Companies By Industry

Company Name Region
Bank of Kigali Limited Middle East/Africa
Banque Populaire du Rwanda S.A. Middle East/Africa
BRD Commercial Bank Ltd. Middle East/Africa
Compagnie Générale des Banques SA Middle East/Africa
Development Bank of Rwanda Limited Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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