In Uganda’s vibrant business scene, enduring partnerships often signify a robust bond and mutual reliance. Joseph Kiyimba, the man behind Ambiance Group of Companies, widely known for his streak of Ambiance nightclubs, strongly identifies with this concept. As a long-term client with I&M Bank, Kiyimba recently revealed that he has witnessed the evolution of both his business empire and the banking sector. Kiyimba lauded I&M Bank for making him one of the primary beneficiaries of its products and services. Ambiance Group, a conglomerate encompassing ventures like Ambiance Tree Farm, Ambiance Discotheques, Ambiance Distillers, and Metro Junior Schools, stands as a…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
On Friday, May 31st, I&M Bank hosted two community-oriented health drives as part of their Corporate Social Responsibility (CSR) efforts. The drives are part of a streak of CSR initiatives the bank intends to engage in as lead up to the I&M@50 (Golden Jubilee) celebrations, set for June 28. At Kingdom Kampala, the I&M Bank main offices, the bank partnered with Wazi Vision, who conducted a complimentary eye check-up for the general public. The initiative aimed to provide free eye examinations and raise awareness about eye health among the community. I&M Bank CEO Robin Bairstow and the bank’s Executive Director, Sam Ntulume,…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
I&M Bank Uganda yesterday donated 500 mama kits and eight emergency trolleys to St. Francis Hospital Nsambya in commemoration of this year’s Mother’s Day as a demonstration of the bank’s commitment to maternal health and women’s empowerment. The whole package donated was worth UGX 42.4 million. During the event, the bank also showcased the I&M Free SACCO Account, a new service specially crafted for women in business, an initiative which offers women entrepreneurs access to savings and loans of up to UGX100M to foster business growth, all without requiring collateral. Speaking at the medical institution, I&M Bank Uganda Chief Executive…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
I&M Bank Uganda has released its 2023 annual performance results showing accelerated growth and profitability since the I&M Group Plc acquired the former Orient Bank in 2021. I&M Group Plc acquired Orient Bank Ltd on 30th April 2021 and fully rebranded it into I&M Bank (Uganda) Limited in November 2021. Since the acquisition, I&M Group Plc one of Eastern Africa’s leading banking and insurance groups, has invested over UGX108 billion in recapitalising the bank. The Group has llso invested USD9 million (UGX34 billion) into the digitisation of its systems and platforms headlined by an upgrade to a Finacle Core Banking…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
I&M Group PLC has recorded a Profit After Tax of KES 13.3 billion (approximately UGX390 billion; over USD101 million) for the year ended 31st December 2023. This is a 15% increase from the KES11.6 billion in 2022. The regional financial services provider with operations in Kenya, Rwanda, Tanzania, Uganda and Mauritius, attributed the 15% growth in its profits to an increase in its operating income. During the period under review, the Group’s balance sheet and income metrics improved with the liquidity and capital ratios remaining strong. 2023 Balance sheet highlights The Group’s balance sheet grew steadily with Total Assets…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
I&M Bank Uganda over the weekend successfully completed an upgrade of its core banking system to Finacle 10, promising its customers, an improved banking experience. Finacle is an industry leader in digital banking solutions and a unit of EdgeVerve Systems, itself a wholly-owned product subsidiary of Infosys, a global giant in next-generation digital services and consulting. Finacle 10, according to its makers renowned for its “powerful multi-country infrastructure and transformational capabilities” and “delivers increased productivity, rapid innovation and a comprehensive set of offerings to meet diverse customer demands”. “As part of our commitment to remain on the cutting edge…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
I&M Bank Uganda has promised to deliver the “best and most convenient banking services and experience” to its customers as it switches from the old Orient Bank-branded Visa debit cards to the all-new I&M Bank Mastercard debit cards. In recent months, I&M Bank Uganda has urged its customers to upgrade to the new and improved I&M Bank Mastercards by February 1, since its new banking system will not be able to support the Visa debit cards which customers used previously. “We are on course to offer the best and most convenient banking services and experience to our customers. Our recent…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
On December 31st 2023, the Victoria Hall at the Kampala Serena Hotel was packed with busybodies, from as early as 8 pm, all the way till dawn. The crowd consisted of young A-listers as well as fun-loving high-rollers, who turned up to celebrate their 2023 milestones and welcome 2024 in style. The night’s hosts- rapper cum radio host- Timothy Code, and fashionista Zuby, set the mood right as they welcomed revellers with energy. The DJ line-up that included DJ Simples, DJ Sese, DJ Vanns, Dj Melvin, VX Faisal, and Dj Essmatic didn’t let the crowd have a dull, or even…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
I&M Bank Uganda has announced its strategic partnership with Mastercard, a global leader in digital payments and technology. The collaboration aims to revolutionize the banking experience for customers by driving digital transformation and enhancing payment security through cutting-edge digital payment solutions. The bank launched a range of new I&M Bank Mastercard cards to the market, including the I&M Bank Standard Debit Mastercard, I&M Bank World Debit Mastercard, and I&M Bank World Elite Debit Card, which will offer enhanced features and functionality that will greatly transform the customers’ experience and how they manage their finances and make payments. Recognizing the increasing importance…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
It is now clear that the newly appointed I&M Bank CEO Robin Bairstow is a man on a mission, not only to grow I&M Bank Uganda into one of the leading financial entities, but also to transform the banking sector through strategic partnerships and well thought out digital innovations. Formerly the CEO of I&M Bank Rwanda, Bairstow left a mark by playing an integral role in helping the bank achieve remarkable growth and success. This was accomplished by trebling the bank’s total assets to RWF 491.3 billion. His time in office also coincided with the bank’s growth in pre-tax profits…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
