DESIGNA MAGAZINE DESIGNA ISSUE III 2019 2 | Page 58

Company increased their shareholding through an
additional investment of USD 17 Million in I&M Bank.
With this additional equity investment, the two
organisations now hold a 21.7% shareholding in I&M
Bank.
2012
I&M Bank enters Rwanda with the acquisition of a
majority shareholding in Banque Commerciale du Rwanda
(BCR), in consortium with Proparco and DEG.
2013
I&M Bank shares become publicly traded in the Nairobi
Stock Exchange through an acquisition by a publicly listed
holding company, I&M Holdings Ltd.
2014
I&M Bank launches Bancassurance to increase its Revenue
Streams
I&M bank launched its Bancassurance products with a
view to broaden our range of �nancial services. I&M
Bancassurance is being offered by the I&M Insurance
Agency Ltd, a wholly owned subsidiary of I&M Bank Ltd.
�e Bancassurance offering provides a wide range of
insurance solutions to its customers through the bank's
retail network.
2015
I&M Bank (K) Ltd launched its Agency Banking platform
through partnerships with different Agent outlets across
the country.
2016
Burbidge Capital Acquisition by I&M Holdings
I&M Holdings completed the acquisition of 65% of
shareholding in Burbidge Capital Limited (BCL).
Following the completion, I&M Capital, a subsidiary of
I&M Holdings, rebranded to I&M Burbidge Capital to
help the �rm leverage on both I&M Bank's and Burbidge
Capital's brand and track record; in its bid to offer advisory
and capital raising services to mid and large sized
companies across Eastern Africa.
Strategic Alliance with CDC
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June 2019