Company: I&M Group
Country: Kenya
Sector: Regional Banks
CEO: Kihara Maina
Website: https://www.imbankgroup.com
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Nairobi, Kenya
Founded: 1950 (as City Trust Limited; reconstituted as I&M Holdings/Group via 2013 reverse takeover)
Valuation/Revenue: $413.7m market value (African Business Top 250, 2025)
I&M Group PLC is a Nairobi-based, non-operating financial holding company listed on the Nairobi Securities Exchange, which owns banking and financial-services subsidiaries across East Africa and the Indian Ocean region. Through its I&M Bank subsidiaries and affiliates it operates in Kenya, Tanzania, Rwanda, Uganda and Mauritius, making it one of the region’s more geographically diversified banking groups.
What Does I&M Group Do?
I&M Group operates as a holding company overseeing commercial banking subsidiaries — principally I&M Bank Limited in Kenya, plus banking operations in Tanzania, Rwanda, Uganda and Mauritius — offering retail, corporate, SME and treasury banking services across these markets. The group is regulated by Kenya’s Capital Markets Authority and Central Bank of Kenya at the holding-company level, with each in-country subsidiary separately licensed and supervised by its respective national regulator.
How Old Is I&M Group?
The group’s listed entity traces back to 16 August 1950, when it was incorporated as City Trust Limited (CTL), making it one of the oldest companies listed on the Nairobi Securities Exchange. Its modern form dates to June 2013, when I&M Bank Limited executed a reverse takeover of CTL, after which the combined entity was renamed and migrated to the NSE’s Main Investment Market Segment, eventually becoming I&M Holdings and then I&M Group PLC as its cross-border banking footprint expanded.
Is I&M Group Publicly Traded?
Yes. I&M Group PLC is listed on the Nairobi Securities Exchange (ticker IMH), where it is tracked as one of the exchange’s established banking-sector counters, with pricing and financial disclosures published regularly by Kenyan market data providers.
How Big Is I&M Group?
African Business’s 2025 Top 250 ranked I&M Group at number 282 by market value, estimated at $413.7 million. As a five-country banking group with subsidiaries in Kenya, Tanzania, Rwanda, Uganda and Mauritius, it sits among the mid-sized pan-regional East African banking groups, alongside peers such as Equity Group, KCB Group and NCBA.
Who Is the CEO of I&M Group?
Kihara Maina, a career banker who joined as Chief Executive Officer of I&M Bank in Kenya in May 2016, was appointed Regional Chief Executive Officer of the group in February 2023, overseeing operations across its multi-country footprint. Sarit S. Raja Shah, who has been associated with I&M Bank since 1993, serves as Group Executive Director, reflecting the group’s continued strong founding-family involvement alongside professional management. In 2026, Abdi Mohamed, a former Absa executive, was reported to have been named CEO of I&M Bank’s Kenyan banking subsidiary specifically.
Who Owns I&M Group?
I&M Group’s shareholding blends founding-family and institutional investors, including entities linked to the Raja Shah family, alongside development-finance investors and free-float shareholders trading the stock on the NSE. Detailed current shareholding percentages are disclosed in the group’s annual report and NSE filings.
How Does I&M Group Compare to Its Competitors?
Within Kenya and the wider East African banking market, I&M Group competes with larger regional players such as Equity Group Holdings, KCB Group, Cooperative Bank of Kenya and NCBA Group, as well as with other cross-border groups like DTB (Diamond Trust Bank) that share a similar multi-country East African footprint. I&M has generally positioned itself as a relationship-driven bank strong in corporate, SME and trade-finance banking, with a reputation for conservative underwriting, rather than competing primarily on retail branch scale or mass-market digital banking, where Equity and KCB have invested heavily.
Links
Website: https://www.imbankgroup.com
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Q: Is I&M Group legit?
A: Yes — it is a long-established, Nairobi Securities Exchange-listed banking group regulated across each of its East African markets.
Q: Who is the CEO of I&M Group?
A: Kihara Maina serves as Regional Chief Executive Officer, having been appointed to that role in February 2023 after leading I&M Bank Kenya from 2016.
Q: Is I&M Group publicly traded?
A: Yes, on the Nairobi Securities Exchange under ticker IMH.
Q: Where is I&M Group headquartered?
A: Nairobi, Kenya.
Q: How old is I&M Group?
A: Its listed entity dates to 1950 as City Trust Limited, with its modern banking-group structure formed via a 2013 reverse takeover.
Q: What countries does I&M Group operate in?
A: Kenya, Tanzania, Rwanda, Uganda and Mauritius.