How it started
History
I&M Holdings is a result of a reverse merger between The City Trust Limited and I&M Bank Limited.
City Trust
I&M Holdings Limited was founded in 1950 as City Trust Limited, an investment holding company. The firm was one of the first to list its stock on the Nairobi Securities Exchange.
I&M Bank
I&M Bank was founded in 1974 as Investments & Mortgages Limited, a private company providing personalised financial services to business people in the Nairobi area. The firm converted to a commercial bank in 1996. In 2003, the bank acquired Biashara Bank of Kenya Limited thereby expanding its branch network, client base and assets under management.
From Wikipedia’s article on I&M Bank Group, shared under CC BY-SA 4.0.2