Wednesday, June 26, 2013

I&M Bank lists as I&M Holdings

http://news.yahoo.com/newly-listed-kenyan-lender-m-plans-raise-more-124757835.html;_ylt=AwrNUPwGLctRPTkADQD_wgt.

I&M Holdings re-listed on 25th June 2013 after a Reverse Merger.

City Trust, a then listed entity on the Nairobi Securities Exchange, acquired I&M Bank Ltd by issuing CTL shares to the shareholders of I&M Bank Limited.

After CTL owned 100% of I&M Bank Ltd, it changed its name to I&M Holdings which encompasses various banking businesses/subsidiaries.

I&M Bank - Kenya (100%)
I&M Bank - Tanzania (55%)
BCR - Rwanda (55%)
Bank One - Mauritius (50% Joint Venture with CIEL)

Congrats the Board of I&M Bank.

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