I&M Bank

I&M Bank Kenya Limited, is a commercial bank in Kenya. 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 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.[9] 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. As of September 2019, the bank's total assets were valued in excess of US$2.52 billion (KES: 261 billion), with shareholders' equity of approximately US$424 million (KES: 44 Billion). 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