I and M Bank Limited
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
I&M Bank Limited (I&M Bank) is a Tier 1 bank in Kenya. I&M Bank is part of I&M Holdings, which has a presence in Kenya, Mauritius, Rwanda, Tanzania, and Uganda. I&M is an existing customer of FMO since 2010.
What is our funding objective?
To support I&M Bank to better understand, identify, and act to manage climate-related risks in its portfolio and to take strategic implementation to capture climate-related opportunities. This will be achieved by using guidance from the Central Bank of Kenya (CBK) and recommendations from the Task Force on Climate-related Financial Disclosures (TCFD) to train the bank’s personnel, develop an Implementation plan, develop a climate risk scan of I&M’s loan portfolio as well as scenarios for stress testing.
Why do we fund this investment?
This project as an opportunity to deepen the relationship with I&M Bank, support them in adapting to changing local requirements, and to play an active role in their journey to a sustainable financial institution and an agent of change.
More investments
| Date | Total FMO financing |
|---|---|
| 6/9/2021 | USD 20.00 MLN |
| 5/4/2021 | USD 15.00 MLN |
| 6/26/2023 | USD 15.00 MLN |
| 9/1/2016 | EUR 0.05 MLN |
- Region
- Africa
- Country
- Kenya
- Sector
- Financial Institutions
- Publication date
- 1/11/2023
- Effective date
- 12/16/2022
- Total FMO financing
- EUR 0.03 MLN
- Funding
- FMO NV
-
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) - A