Subsidiary Brief

I&M Bank, I&M Holding’s flagship entity, was incorporated in the Republic of Tanzania on 14th May 1974 under the name Investments & Mortgages Limited.

The Bank was first established as a financial institution, and grew into a full-fledged commercial bank that was licensed by the Central Bank of Tanzania in 1996, upon which the Bank changed its name to Investments & Mortgages Bank Limited on 2nd April 1996. The Bank adopted the name I&M Bank Limited on 25th September 2008.

The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers.

I&M Bank (T) Limited (“I&M-Tz”), formerly known as CF Union Bank Limited (“CFUB”), is a commercial bank in Tanzania, licensed and regulated by the Bank of Tanzania. CFUB was a privately-owned bank, incorporated on 15th April 2002 arising from the merger between Furaha Finance Limited and Crown Finance & Leasing Limited. CFUB became a subsidiary of I&M Bank on 14th January 2010.

I&M Bank (T) represents the Group’s first major expansion into the regional East African market, and was I&M’s first step towards establishing an integrated presence to form a truly regional Bank serving as the financial gateway to East and Central Africa.

I&M Bank (T) Limited (“I&M-Tz”), formerly known as CF Union Bank Limited (“CFUB”), is a commercial bank in Tanzania, licensed and regulated by the Bank of Tanzania. CFUB was a privately-owned bank, incorporated on 15th April 2002 arising from the merger between Furaha Finance Limited and Crown Finance & Leasing Limited. CFUB became a subsidiary of I&M Bank on 14th January 2010.

I&M Bank (T) represents the Group’s first major expansion into the regional East African market, and was I&M’s first step towards establishing an integrated presence to form a truly regional Bank serving as the financial gateway to East and Central Africa.

Bank One Limited, formerly known as First City Bank Limited (“FCB”), is a commercial bank in Mauritius, licensed to do both on-shore and off-shore banking business, and regulated by the Bank of Mauritius. FCB was formerly owned by Government of Mauritius’ institutions, which divested from the bank by selling their equity in 2008 to I&M Bank and CIEL Investment Limited.

Bank One represents I&M’s maiden expansion in terms of overseas investments, and marked the beginning of its strategic expansion outside Tanzania. Through Bank One, I&M offers international off-shore banking, wealth management and trade finance services to a widespread clientele.