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| The Arusha Regional Commissioner, John Mongella unveils the new I&M Bank relocated branch in Arusha yesterday. Behind him, is the Bank Chief Executive officer, Mr. Baseer Mohammed and the Retail Banking Manager, Ms. Lilian Mtali. The branch will provide a range of services including the Select Banking for affluent clients. |
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| The Arusha Regional Commissioner, John Mongella speaks during unveiling of the newly relocated branch in Arusha yesterday. The branch will provide a range of services including the Select Banking for affluent clients expecting to boost business operations in the region. |
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| The Arusha Regional Commissioner, John Mongella in a jovial mood with I&M Bank CEO, Mr. Baseer Mohammed and the Retail Banking Manager, Ms. Lilian Mtali during unveiling of the newly relocated branch in Arusha yesterday. |
- Customers to enjoy convenience with a range of customized services including select Banking for affluent clients
The branch was launched by the Arusha Regional Commissioner, John Mongella witnessed by different leaders and stakeholders on Tuesday 30th November 2021 at the new premises.
Speaking during the opening ceremony, the Bank Chief Executive Officer, Baseer Mohammed said the move aimed at ensuring easy accessibility of bank’s services to the customers in the region.
“This initiative aimed at bringing convenience to our customers since the new branch is in city center offering easy accessibility. This branch has state-of-the-art features including the Select Banking Lounge that will serve the affluent clients, modern facilities, and safe deposit lockers, bureau de change etc. this is all to ensure that our customers are enjoying the banking experience while visiting our newly relocated branch” he said.
The bank has so far opened 8 branches located in Dar es Salaam, Mwanza, Kilimanjaro, and Arusha and would be expanding to more strategic locations. The bank has been a pioneer in driving the digital strategy agenda in the country with introduction of unique products like WhatsApp Banking, Kamilisha (Digital Lending) and Multicurrency VISA prepaid Cards.
There has been an increase of total assets of the bank by 11.2% on year-on-year basis recording TZS. 567 billion by end of October 2021. During the year the Net advances increased by 12.3% and Customer deposits by 19% so far. The Bank has been consistently delivering profit over the years.
The branch is now situated at Goliondoi Street, Sunda Plaza from Jakaranda Street, Falcon Building where it was located before. The new strategic location is expected to speed up business operations in the region.
The Regional Commissioner commended the move by the bank arguing that it will boost economic activities among residents and foreigners who are mostly tourists.
“Banking services are very essential in national economic growth; this initiative is a clear sign that the sector is stable and continues to grow every day. Having this modern branch here will speed up business movements, tourism activities and most importantly revenue collection,” he said.
The RC also appreciated the bank for introducing Select Banking Service for affluent client saying that it will boost business operations given the nature of the region that is full of business activities like tourism and mining.
“We have also launched a bureau de change that will be available for long hours to allow Arusha residents and tourists to get the service anytime. Also, we our Safe Deposit Lockers service will help customer to safely keep their valuables and documents,” marked Lilian Mtali, the bank’s Retail banking Manager.
About I&M Bank Tanzania Limited
I&M Bank Tanzania is part of the I&M Group PLC, one of the fast growing commercial bank, offering a full range of Corporate, Business, Premium and Personal banking services.
Established in 1974, I&M Bank is wholly owned by I&M Group PLC which is listed on the Nairobi Stock Exchange and has a growing regional presence currently extending to Mauritius, Rwanda, Tanzania and Uganda. The Group lists CDC, which is a leading European Development Financial Institutions amongst its main shareholders. I&M prides itself on its strong values and key strengths of innovative service and strong customer relationships. I&M Group aspires to be Eastern Africa’s Leading Financial Partner of Growththrough offering innovative and market driven banking solutions for its target segments.
For more information visit www.imbank.co.tz
I&M Bank Media Contact
Anitha Pallangyo
Manager, Marketing and Communications
anitha.pallangyo@imbank.co.tz
+ 255 689791060
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