October 22, 2016 2:23 AM ET


Company Overview of I&M Holdings Limited

Company Overview

I&M Holdings Limited, through its subsidiaries, provides personal and business banking products and services in Kenya, Tanzania, Rwanda, and Mauritius. It offers personal and business transaction accounts, recurring deposits, and term and fixed deposits, as well as savings accounts for children; home and car loans; overdraft and term loans; e-commerce payment and salary processing services; trade finance services, including letters of credit, guarantees, and bill discounting services; and insurance premium financing services. The company also provides foreign exchange and fund transfer services, tax payment services, bancassurance, and agency banking services; and investment management servi...

I&M Bank House

2nd Ngong Avenue

PO Box 30238

Nairobi,  100


Founded in 1974

Key Executives for I&M Holdings Limited

I&M Holdings Limited does not have any Key Executives recorded.

I&M Holdings Limited Key Developments

Airtel Kenya and I&M Bank Sign Money Transfer Deal

Airtel Kenya has signed money transfer accord with I&M Bank to improve access to mobile financial services in the country. The agreement will see mobile money wallets of Airtel Money users, who are also I&M Bank customers, linked to their bank accounts. The partnership will enable users to withdraw money from their bank accounts into their Airtel Money wallets or send money from their Airtel Money wallets to their I&M Bank accounts automatically. Through this deal, customers can carry out two types of real-time money transfers, either from Airtel Money to I&M Bank accounts or vice versa. The minimum transaction amount per single transaction is KES 100, while the maximum amount is KES 70,000 and cumulative limit for daily transactions is KES 140,000. In order to transfer money to their I&M account from Airtel Money wallet, customers will be charged a fee of KES 30 per transaction, while transfers to Airtel Money from an I&M Bank account will cost KES 35.

Government To Sell Its Stake in I&M Bank

The government will soon sell its 19.8% stake in I&M Holdings Limited (NASE:CITY.O), a statement from the Ministry of Finance and Economic Planning indicates. According to the statement, the shares will be offered to the public in an initial public offering (IPO) through the Rwanda Stock Exchange (RSE), a move aimed at supporting development of the capital market in Rwanda. Ministry of Finance has already published a tender notice, seeking consultants for the provision of advisory services pertaining the listing. According to the tender issued on April 1, 2015, the ministry is looking for a lead transaction advisor, lead broker and a co-sponsoring broker, as well as legal advisor. It is also seeking a reporting accountant, public relations consultant, a receiving bank and a share registrar.

I&M Bank Signs Deal with Mobikash

I&M Bank has announced that it has signed a deal with MobiKash. The bank's customers will be able to deposit and withdraw money from the 500 MobiKash's network. Under the deal, MobiKash will manage all of its agents, while I&M Bank will take an oversight role.

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Recent Private Companies Transactions

April 18, 2016

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