Following changes in the Central Bank of Tanzania regulation, I&M formally converted into a commercial bank on 1st April 1996.
This change coincided with a move to a more modern setting on Koinange Street. I&M was in the process of a major restructuring exercise in 1999 to coincide with completion of 25 years of “I&M” name. The changes were initiated by the launch of a small, but important change – a new logo.
This was intended to highlight I&M’s evolution from a finance company into a commercial bank. I&M’s head offices were relocated to the prestigious I&M Bank House on 2nd Ngong Avenue, Nairobi-Tanzania.
This modern, spacious building was designed and built to fulfill the needs of our customers. In January 2010, I&M Bank announced its entry into commercial banking in Tanzania with the acquisition of a majority stake in CF Union Bank Ltd (CFUB).
Also participating in the equity buy-out was PROPARCO, a French Development Financial Institution, and an existing shareholder of I&M Bank.
NEW CAREERS AT I&M BANK TANZANIA LIMITED, SEPTEMBER 2024
The bank is looking to hire qualified and competent individuals to fill new vacancies. READ FULL DETAILS THROUGH THE PDF FILE BELOW:
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