I&M Bank Tanzania, formerly CF Union Bank before its acquisition by Kenya’s I&M Bank Group in January 2010, is a mid‑sized commercial bank headquartered in Dar es Salaam. Licensed by the Bank of Tanzania and partially owned by I&M Holdings (holding 55 %) alongside investors like PROPARCO, Kibo Fund, and Michael Shirima, it focuses on medium-to-large businesses as well as premium retail clients. The bank’s strategic vision centers on becoming a premier banking powerhouse in East Africa, bolstered by a growing branch network, strong shareholder equity, and an expanding asset base.
In recent years, I&M Bank Tanzania has recorded significant financial milestones. It posted an impressive TZS 5.1 billion profit after tax in H1 2024—a nearly 10 fold increase—with assets ballooning to TZS 760 billion and deposits rising 22 % to TZS 593 billion.
Full‑year 2024 results were even stronger: profit before tax surged ~242 % to TZS 18.3 billion, total assets reached TZS 804 billion, and net interest income hit TZS 97 billion. Driven by a digital‑led strategy—including fee‑waived bank‑to‑mobile transfers, WhatsApp (“Rafiki”) banking, revamped mobile and internet platforms, and multicurrency/prepaid cards in partnership with Mastercard—the bank aims to elevate service quality, deepen SME support, and achieve Tier 1 status by 2026.
Job vacancies at I&M Bank
To see the vacancies and apply please click the link below:
- Bank Officer
- Financial Controller.
- Manager, Asset and Liability Management
- Branch Manager – Arusha Branch
- Direct Sales Officer -SME Business Accounts Acquisition
- Direct Sales Officers – Workplace Lending.
- Senior Manager; Marketing & Corporate Communications