Africa

I&M Bank (Rwanda) Plc: Best Bank Rwanda 2024

I&M Bank (Rwanda) Plc, established in 1963, is the oldest operational bank in Rwanda and has consistently demonstrated its commitment to national economic development. Over the years, the bank has expanded its services to cater to individuals, businesses, institutions, and corporations, focusing on innovation and customer satisfaction. The bank has embraced digital transformation, offering a cutting-edge platform that enhances financial inclusion and convenience for customers. Innovations such as automated loan applications and cardless transactions have positioned the bank as a leader in digital banking services in the region. I&M Bank has also played a pivotal role in supporting small and medium-sized enterprises (SMEs) by providing tailored financial solutions and grants, in collaboration with international development partners, to foster job creation and sustain economic growth. In 2023, the bank reported a 16 percent increase in profits before tax, driven by improved operational efficiency and asset quality. Additionally, I&M Bank maintains a strong liquidity position, with a coverage ratio of 504 percent, reflecting its prudent risk management and resilience in the face of economic challenges. The bank has been recognised for its role in bolstering Rwanda’s point-of-sale market and driving digital payment adoption. I&M Bank’s approach to customer engagement has also seen year-on-year growth in its retail and corporate sectors. Its focus on financial inclusion, SME growth, and customer-centric innovation has cemented its reputation as a trusted financial institution in Rwanda. The CFI.co judging panel congratulates I&M Bank (Rwanda) Plc on winning the 2024 award for Best Bank (Rwanda).

marten

Recent Posts

CORDET: Best Alternative Credit Investor United Kingdom 2025

CORDET provides flexible, long-term financing solutions to mid-market businesses across Northern and Western Europe, with…

1 week ago

Alpha Bank: Most Innovative Family Banking Services Greece 2025

Alpha Bank has established itself as a leading force in the Greek banking sector, recognised…

3 weeks ago

Schafer Cullen Capital Management: Innovators in Long-Term Value Equity Strategies USA 2025

Schafer Cullen Capital Management has built a reputation for disciplined, long-term value investing, backed by…

3 weeks ago

JP Morgan Chase: Most Innovative Investment Banking Services USA 2025

JP Morgan Chase stands at the forefront of the global financial industry, consistently redefining the…

3 weeks ago

Dubai World Trade Centre: Champion of Global Business and Trade Ecosystems EMEA 2025

For over four decades, Dubai World Trade Centre (DWTC) has been a cornerstone of Dubai’s…

3 months ago

Krungthai Bank PCL: Best Social Impact Bank Thailand 2025

Krungthai Bank PCL plays a pivotal role in driving sustainable economic and social development in…

3 months ago