In July 2020, I&M Holdings PLC and Orient Bank Limited signed an agreement for I&M Holdings PLC to acquire a 90% stake in the Ugandan entity. The acquisition was completed on 30th April 2021 after receiving the necessary approvals from the Central Bank of Kenya, Bank of Uganda, Capital Markets Authority of Kenya, and the COMESA Competition Authority.
This acquisition supports the Group’s Business Growth initiatives by diversifying revenue sources through new market penetration and extending its Corporate, Business, Personal Banking, Treasury, and Trade Finance solutions to all of its Ugandan customers.
Access To 12-Month WT Membership
Access To WT's Conferences & Events
Access To All WT's Research Reports On Africa
Access To Podcasts, Video Content & Recordings
Access To All Premium Newsletters
Unlimited Access To WT's Content Archive