December 7, 2021

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Orient bank rebrands to I&M bank Uganda Ltd

Mr Kiggundu, Mr Pather and other I&M officials during the launch at Serena hotel in Kampala

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I&M Group PLC officially launched its rebranded operations in Uganda today, following its acquisition of Uganda’s Orient bank Ltd on April 30, 2021.

The Ugandan bank will now operate as I&M Bank (Uganda) Limited and adopt the Group’s vibrant logo and colours.

Speaking at the launch ceremony at Kampala Serena Hotel, Suleiman Kiggundu, the bank’s chairman, promised to enhance financial technology and manufacturing through offering attractive digital focused solutions to customers.

“The rebrand will not only unlock the bank’s potential, but also will enable it to reach out to more customers within Uganda, and in Eastern Africa as a whole, Kiggundu noted.

He added: “Further the move will enable the bank to roll out a more diversified product and service offering to its target market.”

Mr Pather (R) at the launch

Kumaran Pather, the Bank’s CEO, said that I&M Uganda will focus on supporting critical sectors that impact growth across the region, including agriculture, transport, technology and manufacturing through offering attractive, digital-focused solutions.

“I&M Group Plc and its subsidiaries have made significant investments in key sectors across Eastern Africa’s regional economy, including banking and finance, SMEs, real estate, financial technology, trade, agriculture, and infrastructure,” said Pather.

He added: “The rebranding is the latest step in an operations overhaul which has been ongoing for the last one year and has included retraining of staff, enhancing customer relations and upgrading its core banking system.”

I&M Group has made significant investments in its technology infrastructure as part of its digital transformation journey in the region.

Reflecting its commitment to its clients and the markets it serves, the bank and its staff have invested significant time and resources to refine the new I&M Bank brand and to seamlessly integrate new platforms and offerings.

“We are extremely excited to announce today’s launch and rebrand, aligning our digital capabilities as well as our brand elements to keep pace with our industry leading achievements and our unique products and services within the East African region,” said Pather.

The Nairobi-based financial Group announced that the rebrand comes after I&M Group’s successful acquisition of a 90 per cent shareholding in Uganda’s Orient Bank Ltd earlier this year.

This received regulatory approval from the Central Bank of Kenya, Bank of Uganda, Capital Markets Authority of Kenya as well as the Common Market for Eastern and Southern Africa (COMESA).

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