I&M Bank Tanzania, a subsidiary of I&M Holdings PLC, is a prominent commercial bank operating in Tanzania. Established in 2002 as CF Union Bank Limited through the merger of Furaha Finance Limited and Crown Finance & Leasing Limited, it was later acquired by I&M Holdings in 2010. This acquisition marked I&M Bank’s strategic expansion into the East African market, positioning the bank as a key player in the region’s financial sector.
The bank has experienced significant growth, as evidenced by its financial performance. In the first half of 2024, I&M Bank Tanzania reported a remarkable profit after tax of TZS 5.1 billion, a nearly tenfold increase from the previous year. This growth was driven by a 12% rise in customer loans, a 22% increase in customer deposits, and a 15% expansion in total assets.
Additionally, the bank has been at the forefront of digital banking innovation, launching mobile banking platforms and partnering with Mastercard to introduce multicurrency prepaid and premium debit cards. With a commitment to customer-centric services and technological advancement, I&M Bank Tanzania continues to solidify its position as a leading financial institution in the region.
Job vacancies at I&M Bank ltd
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