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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, [10] [11] was concluded in February 2017, with Giro Commercial Bank surrendering its banking license and becoming part of I&M Bank Kenya. [12]
I&M Holdings Limited, also I&M Bank Group, is a conglomerate comprising banks, an insurance company and investment advisory businesses. The group's headquarters are located in Nairobi , Kenya , with subsidiaries in Kenya, Mauritius , Rwanda , Tanzania and Uganda .
At the time it was acquired, I&M Bank Uganda, according to The East African newspaper, had a customer base of about 70,000, deposits worth KSh 18.2 billion (US$170.09 million), and a net loan book of approximately KSh 7.7 billion (US$71.96 million). At that time, the bank employed 340 members of staff, in 14 networked branches, and maintained ...
Virtual banking first became a possibility in 1996 with the Bank of Montreal's mbanx. mbanx was released at the very beginning of the internet banking revolution in Canada and was the first full-service online bank [26] Also in 1996, RBC started providing banking information online and had the first personal computer banking software released ...
When it comes to personal finance, retiring is a big life shift. Moving away from working full time, focusing on family, travel or interests, and making your money work is all a balancing act.
The Bank is the second-largest sized commercial bank in Rwanda, behind Bank of Kigali, serving large corporations, small-to-medium businesses, and individuals.As of December 2023, the bank's total assets were valued at RWF 678,774,235,000 (US$515.79 million), with shareholders' equity of RWF 78,649,345,000 (approx. US$59.76 million).
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