Monday, September 18, 2023

6 New Job Vacancies at l&M Bank (T) Limited September, 2023 - Various Posts

  AjiraLeo Tanzania       Monday, September 18, 2023
l&M Bank (T) Ltd
Jobs in Tanzania 2023: New Job Vacancies at l&M Bank (T) Limited, 2023l&M Bank (T) Limited Jobs
About I&M Strategic Aspiration Become a banking powerhouse in East Africa for medium to large businesses and premium clients.
Mission (M) and Core Values (CV) - To be partners of growth for all our stakeholders. We will achieve this through: Meeting our Customers’ expectations. (M) Motivating & developing every employee. (M), Enhancing shareholder value. (M), Mutual Respect (CV), Fairness (CV), Innovativeness (CV). Our 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.
…I&M Bank Tanzania Jobs September, 2023.
Current opportunities: : We are inviting applications for the job vacancies below....(BONYEZA JOB TITLE YOU WANT TO OPEN FOR FULL JOB DESCRIPTION AND MODE OF APPLICATION):
We have the following job vacancies positions below (Click Title you want to open and read full job descriptions):
I&M Bank Tanzania is an equal opportunity employer offering stable and professional working environment with competitive remuneration and benefits.
Only shortlisted candidates will be informed the date of the interview.

I&M Bank History

1 Park Avenue
The Group Offices relocate to the new state of the art premises at 1 Park Avenue located at 1st Parklands Avenue, Nairobi-Tanzania.

Acquisition of Orient Bank Ltd
I&M Holdings Plc acquires 90% stake in Orient Bank Ltd (Uganda)

Investments & Mortgages Limited was formed and was based in Phoenix House. "I&M" as it was known, provided a much needed personalized financial service for Nairobi's business community.

Formally registered as a Financial Institution under Banking Act and moved offices to Investment House, Tanzaniatta Avenue.

Conversion to commercial bank
Following changes in the Central Bank of Tanzania regulation, I&M formally converted into a commercial bank on 1st April 1996. This change coincided with a move to a more modern setting on Koinange Street.

I&M was in the process of a major restructuring exercise in 1999 to coincide with completion of 25 years of "I&M" name. The changes were initiated by the launch of a small, but important change - a new logo. This was intended to highlight I&M's evolution from a finance company into a commercial bank. I&M’s head offices were relocated to the prestigious I&M Bank House on 2nd Ngong Avenue, Nairobi-Tanzania. This modern, spacious building was designed and built to fulfill the needs of our customers

I&M Tower
The new main branch of I&M opened at the glittering 16 storey I&M Bank Tower located at the heart of the Central Business District of Nairobi-Tanzania.

I&M acquired the assets of Biashara Bank of Tanzania Limited. This merger resulted in increased market share, profitability and efficiency.

DEG and PROPARCO, two leading international development financial institutions, invested K.Shs 377 million to acquire 11.96% shareholding in I&M.

Regional Expansion - Mauritius
In February 2008, I&M acquired 50% shareholding in First City Bank (FCB) Limited, through a joint venture with the CIEL Group, Mauritius. FCB has subsequently rebranded itself as Bank One Limited.

Regional Expansion - Tanzania
In January 2010, I&M Bank announced its entry into commercial banking in Tanzania with the acquisition of a majority stake in CF Union Bank Ltd (CFUB). Also participating in the equity buy-out was PROPARCO, a French Development Financial Institution, and an existing shareholder of I&M Bank together with The Kibo Fund and a well known and respected Tanzanian businessman Mr. Michael N Shirima who is a significant shareholder of Precision Air, the Tanzanian national airline.

Increased Investment by PROPARCO
PROPARCO, the French Development Agency, jointly with DEG – the German Investment & Development Company increased their shareholding through an additional investment of USD 17 million in I&M Bank. With this additional equity investment, the two organisations now hold a 19.77% shareholding in I&M Bank.

Regional Expansion - Rwanda
I&M Bank enters Rwanda with the acquisition of a majority shareholding in Banque Commerciale du Rwanda (BCR), through a consortium with Proparco and DEG.

Reverse acquisition of City Trust Limited (Now I&M Holdings Plc)
I&M Bank shares become publicly traded in the Nairobi Stock Exchange through a reverse acquisition of a public listed company, I&M Holdings Plc. I&M Holdings becomes the Parent entity of the Group through this acquisition.

Bancassurance Launch
I&M bank launched its Bancassurance products with a view to broaden our range of financial services. I&M Bancassurance is being offered by the I&M Insurance Agency Ltd, a wholly owned subsidiary of I&M Bank Ltd. The Bancassurance offering provides a wide range of insurance solutions to its customers through the bank’s retail network.

Agency Banking Launch
I&M Bank (K) Ltd launched its Agency Banking platform through partnerships with different agent outlets across the country.

Burbidge Capital Acquisition by I&M Holdings
I&M Holdings completed the acquisition of 65% of shareholding in Burbidge Capital Limited (BCL). Following the completion of its acquisition, the company rebranded to I&M Burbidge Capital to help the firm leverage on Bank’s and Burbidge Capital’s brand and track record; in its bid to offer advisory and capital raising services to mid and large sized companies across Eastern Africa.

Strategic Alliance with CDC
Following the completion of the investment Tenor of DEG and Proparco and following receipt of all relevant regulatory approvals, DEG & Proparco on one hand and CDC on the other successfully entered into a Sale and Purchase Agreement where CDC acquired their combined shareholding of approximately 10.68% in I&M Holdings Plc (IMHP).

I&M Holdings Limited Completes Acquisition of Giro Commercial Bank Limited
I&M Holdings (IMHP) successfully completed its merger of Giro Commercial Bank Limited (GCBL) into I&M Bank Limited, which is IMHP’s banking flagship subsidiary. The merger came to fruition after receiving necessary regulatory approvals from the Capital Markets Authority (CMA), Central Bank of Tanzania, the Competition Authority of Tanzania as well as IMHP shareholders.

German Desk
I&M Bank Tanzania and German development finance institution DEG set up a new unit to provide specialist banking and advisory services to German businesses looking for trade in the region. This is a first of its kind partnership between an African bank and DEG and is second worldwide after Peru.

I&M Acquires Youjays Insurance Brokers Limited
I&M Bank Limited, through its wholly owned subsidiary, I&M Insurance Agency Limited (IMIAL) announced the successful completion of acquisition of Youjays Insurance Brokers Limited (YIB). IMIAL acquired 100 percent of the shareholding of the insurance broking firm simultaneously merging its operations with the Group’s Bancassurance division.

Dutch FMO Provides USD 40 Million Loan to I&M Bank Tanzania
The Bank secures US $ 40 million loan from FMO, the Dutch Development Bankthat will support investment by small businessenterprises (SMEs) across Tanzania. Backed by the FMO facility I&M Bank’s SME, will be supported through onward lending of the funds and in the process aid in boosting the local economy.

I&M Bank Tanzania attains Tier 1 status
I&M Bank Limited increases its market share to 5.3% thereby ringing in a new milestone as it joined the country’s top banks by attaining Tier 1 status. I&M Bank successfully raises USD 27.35Mn as tier II capital.

Thanks for reading 6 New Job Vacancies at l&M Bank (T) Limited September, 2023 - Various Posts

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