In a bid to accelerate its retail expansion under the iMara Strategy (2024-2026), I&M Bank opened its 62nd branch at Meru Makutano in Meru County bringing to two the number of branches in the region.
Speaking during the opening, the Bank's Chief Executive Officer (CEO) Mr Gul Khan said the branch opening was in line with their plans to unveil nine new branches in the first quarter of 2025.
This initiative, he added, builds upon last year's momentum, which saw the lender extend its footprint into four new counties. "The latest phase, targeting key economic zones across the country, underscores the Bank's commitment to supporting Kenya's burgeoning business hubs and enhancing access to banking services for Micro, Small and Medium Enterprises (MSMEs) and retail customers," said Khan.
He said the expansion, driven by rapid urbanisation and increased commercial activity, would bring the Bank's presence to 21 counties aiming to cover the 47 counties by 2026. "This year's expansion drive commenced with the opening of the Mtwapa Branch in Kilifi County, marking the ninth branch in the Coastal region and a significant milestone in I&M Bank's growth journey," said Khan.
