The bank was incorporated on 25th May 1963 as the first commercial bank in Rwanda as Banque Commerciale du Rwanda (BCR). In December 2004, BCR was privatised and acquired by Actis a pan-emerging markets private equity firm and the Government of Rwanda after recapitalization of the Companys equity, giving ACTIS 80% shareholding. On the 17thJuly, 2012 an 80% equity buy out of Actis by a consortium comprising of I&M bank, a Kenyan based Bank, and two European developmental financial institutions DEG and Proparco led to a re brand of the company to I&M Bank (Rwanda) Limited.
Vision
To become a company where the best people want to work. The first choice where customers want to do business, and where shareholders are happy with their investment.
Mission
To be partners of growth for all their stakeholders. They will achieve this through:
Culture
Nurture a culture of fairness to their partners.
This is with regard to three key relationships:
Objectives