I&M Bank (T) Ltd logo — Established in 1974, this financial services company grew in...

I&M Bank (T) Ltd

Established in 1974, this financial services company grew into a leading commercial bank under its parent holding company.

Founded 2001 Tanzania Tanzania 30 employees Post Ipo Secondary Total: $3.52B Financial Services, Banking

General Information

Company Name I&M Bank (T) Ltd
Founded Year 2001
Location Tanzania Tanzania +1
Employees 30
Industries Financial Services, Banking
Funding Stage Post Ipo Secondary
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About I&M Bank (T) Ltd

I&M Bank (T) Ltd is a leading financial services company that has been in operation since 1974. Under its parent holding company, the company has grown into a prominent commercial bank. Its roots can be traced back to Investments & Mortgages Limited, a financial services company founded by Chairman Sarit S Raja Shah’s father SBR Shah. In 2010, I&M Bank (T) Ltd expanded its operations by acquiring CF Union Bank, which had been active in Tanzania since 2001.

The company operates in the financial services and banking industries with its headquarters based in Tanzania. With a substantial KES3.47Bpost-IPO secondary investment made on 11th June 2024, AfricInvest emerged as the key investor, signifying a strong show of confidence in the company's potential for growth and success.

Taxonomy: commercial bank, I&M Bank Group, I&M Holdings Limited, banking, investment, financial institution, Tanzania, SBR Shah, I&M Bank Tower, acquisition, subsidiary, Nairobi, retail banking, corporate banking

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Post-IPO Secondary •••••• 1 •••• •••• 11 Jun 2024
Private Equity Round •••••• 1
Investor
01 Sep 2016
Private Equity Round •••••• 1 •••• •••• 01 Jan 2010

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FAQ About I&M Bank (T) Ltd

Established in 1974, this financial services company grew into a leading commercial bank under its parent holding company.
I&M Bank (T) Ltd was founded in 2001.
I&M Bank (T) Ltd is headquartered in Tanzania.
I&M Bank (T) Ltd operates in the following industries: Financial Services, Banking.
I&M Bank (T) Ltd has approximately 30 employees.
I&M Bank (T) Ltd has completed 3 funding rounds, raising a total of $3.52B. The latest funding stage is Post Ipo Secondary.
Top alternatives and competitors to I&M Bank (T) Ltd include SunSouth Bank, Galaxy FinX, Ipoteka bank OTP Group, PointBank, Citizens Bank - Indiana. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
I&M Bank (T) Ltd and SunSouth Bank are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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