Invest in I&M Bank | I&M Bank - Rwanda



Abridged Annual Report for the year ended 31 December 2018

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I&M Bank (Rwanda) Plc has released its full year audited results for the year ended December 31, 2018.

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Press release of results at 31 December 2018

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Annual General Meeting




Quarter 1 2019 Financials Release

Invest in I&M Bank

Investing in I&M Bank (Rwanda) Plc means investing in Rwanda’s best financial service provider, with 55 years of experience behind it and a future that it intends to build around the pursuit of sustainable and profitable growth for communities, clients, employees and shareholders.

With an Asset base of FRW 294 Billion as at 31 December 2018, I&M Bank (Rwanda) Plc is regulated by the National Bank of Rwanda ( BNR ) as a commercial bank and has a network of 16 outlets spread out across the country.

Following the 2012 acquisition of 80% shares by I&M Holdings from ACTIS, the Bank now boasts of a regional presence with operations in Rwanda, Kenya, Tanzania and Mauritius (as Bank One).

In February 2017, the Bank’s shares previously owned by the Government of Rwanda were issued to the public through an IPO, and are currently traded on the Rwanda Stock Exchange (RSE).

In 2018, it was recognized by the Rwanda Development Board Business Excellence Award as “Investor of the Year”.

In 2018, the Bank was also awarded the “Best Customer Service” & “Best SME Bank” in Rwanda by the Global Banking & Finance Review. The Bank was also recognized as “Best Bank in Rwanda 2019” by Global Finance Magazine.


Return on Average Equity (ROAE)

Ratio: 20.22%


Return on Average Asset (ROAA)

Ratio: 2.6%


Cost to Income Ratio (CIR)

Ratio: 57.9%


*Frw (Billions)Dec 2018Dec 2017y/y variance
Net Interest Income20.217.615.1%
Operating Income25.723.011.8%
Operating Expenses-14.9-13.213.2%
Profit Before Tax (PBT)
Profit After Tax (PAT)7.56.514.6%
*Frw (Billions)Dec 2018Dec 2017y/y variance
Loans & Advances to customers169.0147.615.4%
Total Assets294.2260.113.0%
Customer Deposits230.9209.110.4%
Total Liabilities254.6225.113.0%
Total Equity39.635.112.8%


Loans & Advances

Total Assets

Total Deposits

share information

Shareholding Structure


BCR Investment Company









Individual investors


Reports & Presentations


Q4 2018 Investor Briefing



Q3 2018 Investor Briefing



Q2 2018 Investor Briefing


Important Info

I&M Bank (Rwanda) Plc held its Annual General Meeting of Shareholders (AGM) on 20th May 2019.

More detailed information to be communicated soon. Contact us here below or via email at

Frequently Asked Questions

I&M Bank (Rwanda) Plc
KN 03 AVE 9
P.O. BOX 354
Kigali, Rwanda
As at 31 December 2018, I&M Bank Rwanda Plc operates 16 branches throughout Rwanda. To find out more, click here.
I&M Bank Rwanda is structured to cater to all customers. Our customers are segmented under Business & Personal in order to provide to their individual needs.
The Bank recently introduced the “Diaspora” Banking, for Rwandans living abroad who consider Rwanda as an attractive investment destination.
Find out more about I&M Bank Rwanda’ Vision and Mission here.
I&M Bank Rwanda reports its financial information at the end of every quarter.
At the Annual General Meeting held on 28th May 2018, Pricewaterhouse Coopers Rwanda (PwC Rwanda) was approved to as the independent auditor for the year 2018.
I&M Bank Rwanda is regulated by the National Bank of Rwanda (BNR).
As a publicly listed company, the Bank is regulated by the Rwanda Stock Exchange (RSE) and by the Capital Market Authority (CMA)
I&M Bank’ financial year ends 31st December.
I&M Bank Rwanda shares trade on the Rwanda Stock Exchange under the ticker “IMR”.
I&M Bank Rwanda IPO was in March 2017. The initial offering price was Rwf 90.
Historically, I&M Bank Rwanda has had a dividend payout of 40% of its audited IFRS-based Net Income (After-Tax).
The Bank's share price are updated on daily basis on the "Share Information" of this page. The information can also be found on the Rwanda Stock Exchange website.
I&M Bank Rwanda shares can be purchased through any licensed stock brokers in Rwanda.
A detailed list can be found on the Rwanda Stock Exchange website.
Anyone is qualified to buy I&M Bank shares.
Anyone is qualified to buy I&M Bank shares. All you need is a Central Securities Depository (CSD) account number to accommodate trading of all securities (Both Equities and Debt) issued in Rwanda.
To open a CSD account, Visit our Treasury office or a stock broker of your choice with an Identification document (ID/ Passport).
Once you purchase I&M Bank Rwanda shares, your stock broker will provide you with a proof of purchase. You will be provided a statement of how much shares you have.
Minimum shares one can purchase is 100 shares. Any additional shares will be in multiples of 100.
The Annual meeting of shareholders is held once every year.
For 2019, the AGM is scheduled on 20th May 2019.
When I&M Bank Rwanda declares issuance of dividends, the amount will be remitted into your provided account at I&M Bank Rwanda, or a cheque will be provided to you to be deposited in your Bank.
Dividends are subject to withholding tax of 5% for resident taxpayers of the East African Community and 15% for non-resident taxpayers of the East African Community.