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.