Nairobi, Kenya 23rd October 2024… I&M Bank is pleased to announce the opening of five new branches in Narok, Busia, Ruiru, Kiambu County’s Tatu City and Embu, further enhancing access to financial services in growing urban centres and underbanked regions.
Driven by rapid urbanisation and increased commercial activity to customers across Kenya, this expansion brings the bank’s total branch network to 52 branches across 16 counties, marking a significant milestone in its growth journey.
In Narok and Embu, the bank will support the vibrant agricultural and livestock economy, while Busia, a key trading hub near the Uganda border will benefit from enhanced cross-border commerce. Tatu City and Ruiru, both rapidly industrializing, will see financial solutions tailored to local businesses and homeowners.
Mr. Gul Khan, CEO of I&M Bank, highlighted the expansion’s alignment with the Bank’s mission to promote financial inclusion and stimulate economic growth in Kenya’s emerging urban centres saying, “We are excited to extend our reach into these vibrant business hubs and look forward to supporting the local communities through job creation and financial solutions, especially for small and medium-sized enterprises which are the backbone of our economy. Our wide-ranging, fit-for-purpose trade financing and agribusiness propositions are set to boost Narok and Embu’s agricultural sector and Busia’s trade activities. In Tatu City and Ruiru, we look forward to partnering with industries and businesses to drive economic empowerment and wealth creation across the supply value chain.”
The full-service branches boast a comprehensive range of offerings, including self-service machines, business loans, agricultural financing, personal banking, and cross-border transaction support, ensuring that I&M Bank plays a key role in the economic development of these locations.
Speaking at the Busia branch opening ceremony, the Chief Guest and Kenya Association of Manufacturers (KAM) Chairman for Western and Nyanza Regions said, “At KAM, we are dedicated to supporting manufacturers by advocating for a conducive business environment, enhancing capacity-building and forging strategic partnerships. I&M Bank’s growing footprint will be an essential partner in enabling manufacturers to embrace sustainability, scale their operations, and contribute to job creation in this region. We are honoured to be associated with a bank that has continually demonstrated its commitment to delivering financial solutions to all Kenyans.”