I AND M BANK TANZANIA LIMITED
Who is our client
I&M Bank Tanzania is wholly owned subsidiary of I&M Holdings Limited, a publicly quoted company at the Nairobi Securities Exchange (NSE). I&M is a commercial bank offering a full range of corporate, SME and retail banking services.
Funding objective
FMO has provided a 5-year USD 15mln loan to strengthen I&M’s funding base with long-term USD financing.
Why we fund this project
I&M is a strong and well-reputed Tier 2 bank in Tanzania and a long-standing client of FMO. FMO is supporting I&M Bank to fund their SME and corporate customers, which are a strong engine in Tanzania’s economy.
Environmental and social rationale
Environmental & social risk Category FI-B. This facility has been categorised as Category B in accordance with FMO’s Sustainability Policy. As part of this facility, I&M will be required to apply the EDFI Exclusion List and national E&S laws and regulations. At the Group level I&M Bank has in place an environmental & social management system which includes an Environmental and Social Action Plan with the objective to enhance the bank’s environmental & social risk management capacity and its client engagement on environmental & social impacts.
More investments
| Date | Total FMO financing |
|---|---|
| 12/1/2015 | USD 12.00 MLN |
- Website client
- http://www.imbank.com/tz
- Region
- Africa
- Country
- Tanzania, United Republic of
- Sector
- Financial Institutions
- Signing date
- 12/12/2018
- Total FMO financing
- USD 10.00 MLN
- Fund
- FMO
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B