Suresh Bhagwanji Shah’s I&M acquires prime commercial building in Tanzania
The property, now known as I&M House@1046, will serve as the new Tanzanian headquarters for the Nairobi-listed lender and host one of its flagship branches.
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The property, now known as I&M House@1046, will serve as the new Tanzanian headquarters for the Nairobi-listed lender and host one of its flagship branches.
By the end of next year, I&M Bank aims to reach 100 branches, further cementing its status as one of Kenya’s top-tier financial institutions.
The group kicked off its Kenyan expansion in mid-January with the inauguration of eight new branches.
Shah owns a beneficial 10.98-percent stake in I&M Bank Group, translating to 178,514,362 ordinary shares.
Since its founding by Shah in 1974, I&M Group has expanded its operations to other East African countries.
Shah built I&M Group into East Africa’s leading commercial banking organization.
I&M Bank Group is a leading non-operating holding company situated in Kenya.