I&M Bank Rwanda Plc.,[3] is a commercial bank in Rwanda that is licensed by the National Bank of Rwanda, the county's central bank and national banking regulator.[4] It is the second largest bank in Rwanda.[5]
The headquarters of the bank are located at KN 03 Avenue 9, in the central business district of Kigali, Rwanda's capital and largest city. The geographical location of the bank's headquarters are:01°56'55.0"S, 30°03'41.0"E (Latitude:-1.948611; Longitude:30.061389).[6]
The bank was opened in 1963 under the name (French "Banque Commerciale du Rwanda" (BCR)) or "Commercial Bank of Rwanda". In the beginning, it was wholly owned by the Government of Rwanda. In 2004, it was privatized. As of April 2010, Actis Capital owned 80 percent and the Rwandan government owned the remaining 20 percent of the financial institution. Actis Capital is a private equity investment firm, headquartered in London, United Kingdom, that specializes in investments in developing countries. The firm's investment portfolio was almost US$5 billion as of April 2010.[7]
In July 2012, Actis Capital divested from BCR by selling its shares to a consortium comprising the I&M Bank Group from Kenya, PROPARCO from France, and the German Investment Corporation. The Rwandan government retained its shares in the bank.[8][9] In August 2013, the bank rebranded to I&M Bank (Rwanda) to reflect its current shareholding.[10]
In September 2015, I&M Bank Rwanda appointed its current Managing Director - Robin Bairstow.[11]
In March 2017, I&M Bank Rwanda started trading on the Rwanda Stock Exchange through an Initial Public Offering.[12]
I&M Bank (Rwanda) is a member of the I&M Bank Group[13] of companies. The group is a leading financial services provider in East Africa, with an asset base in excess of US$3.14 billion (KSh324.3 billion) as of September 2019. The group has operations in Kenya, Mauritius, Rwanda, and Tanzania.[14]
, the bank's stock was owned by the entities listed in the table below.
I&M Bank Rwanda maintains the following branches, as of March 2020:[15]
