I&M Bank inaugurates main branch in Dar as it clocks a decade

17Jul 2020
The Guardian Reporter
Dar es Salaam
The Guardian
I&M Bank inaugurates main branch in Dar as it clocks a decade

A leading regional financial institution, I&M Bank Tanzania Limited has inaugurated its main branch in Dar es Salaam but also launched an exclusive women only account dubbed, ‘Tumeweza Women Account.’

I&M Bank Tanzania Limited’s board member, Ambassador Bertha Semu-Somi speaks during the launch of the bank refurbished main branch and ‘Tunaweza Women Account’ in Dar es Salaam earlier this week. Photo: Guardian Photographer.

Speaking at a ceremony to inaugurate the building which is located along Indira Gandhi Street in Dar es Salaam, I&M Bank’s board member, Ambassador Bertha Semu Somi said the new branch and account will help Tanzanians improve their saving culture to back the lower middle income status that the economy achieved recently.

Ambassador Semu Somi said I&M Bank’s latest development will also enable to meet the country’s targeted economic dreams thanks to the women’s dedicated account which has distinguished features rarely available in the market,

“The ‘Tunaweza Women Account’ comes in three variants, namely; Tunaweza Individual Savings Account, Tunaweza Current Account for businesses and Tunaweza Group Account for associations,” said Ambassador Semu Somi.

Seconding his boss’ statement, I&M Bank’s CEO, Baseer Mohammed said the new main branch is an investment that is aimed at steering the economy to the next level of income status. “This year, we are celebrating ten successful years of our existence in the market, having originated from a very strong banking group, I&M Holding of Kenya,” Mohammed said.

He said the bank appreciates the spirit of women in striking a perfect balance between managing work and family hence considers it as its responsibility to avail opportunities available to the group to invest in themselves.

“This account has very exciting features with no monthly charges as well as transaction charges to support women in different fields,” said Lilian Mtali, Head of Retail Banking at I&M Bank. I&M Bank has presence in Dar es Salaam, Arusha, Mwanza and Moshi with fully-fledged branch operations in those specific areas.

Bank of Tanzania’s Deputy Governor, Dr Bernard Kibesse who was chief guest at the event, commended I&M Bank for doing a great job in support of the economic growth during the past decade.

Dr Kibesse applauded the bank’s management for its understanding of the needs of customers and responding positively by ensuring they get the best from I&M Bank. “After 10 years of existence in the market, with sustained trend of profit making, you gave the market a very promising future to bank with I&M,” he noted.

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