{"id":598,"date":"2021-08-24T14:01:22","date_gmt":"2021-08-24T14:01:22","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/featured-im-bank-awarded-as-best-bank-in-rwanda"},"modified":"2021-08-24T14:32:13","modified_gmt":"2021-08-24T14:32:13","slug":"featured-im-bank-awarded-as-best-bank-in-rwanda","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/featured-im-bank-awarded-as-best-bank-in-rwanda","title":{"rendered":"FEATURED: I&M Bank awarded as best bank in Rwanda"},"content":{"rendered":"

Africa-Press<\/a> – Rwanda<\/a>. <\/strong><\/span>I&M Bank Rwanda Plc has been recognised as the best bank (2021) in the country by CFI.co (Capital Finance International), a print journal and online resource reporting on business, economics and finance.<\/p>\n

The bank was selected by a panel of judges on consideration of market offerings, strategy, short term and medium growth plans as well as client diversity.<\/p>\n

In their report, the judges of the London based ranking noted that the bank stood out in aspects such as launching Rwanda\u2019s first blockchain powered cost-free mobile money application, SPENN which has served to onboard previously unbanked population.<\/p>\n

I&M Bank Rwanda Plc has been recognised as the best bank (2021) in the country by CFI.<\/b><\/p>\n

The bank was also recognized for technological considerations such as through NFC enabled ATMs with contactless technology which has seen maximization of operating efficiency and enhanced user experience.<\/p>\n

\u201cI&M Bank serves a well segmented customer base of corporate, retail and MSME clients, tailoring products to reduce touch points in credit analysis and deliver services in a timely manner,\u201d the judges\u2019 report read in part.<\/p>\n

\u201cOver the next two years, the bank aims to capitalize on the growth of core activities and efficiencies gained in a restructure and transformation. It enables future growth via a three pillar approach to drive business, build resilience, and optimize the operating model,\u201d the judges\u2019 report read further.<\/p>\n

The lender is aiming to grow its customer base from about 3 folds over the next 2 years and see digital banking activity reach 80 percent of operations. Considering the above strategies, the judges presented I&M Bank Rwanda with the Best Bank 2021 award in Rwanda.<\/p>\n

Commenting on the development, Robin Bairstow, the bank\u2019s Chief Executive said that the award is a recognition of the efforts of the bank to enhance user experience and dedication to their strategic plan as well as commitment to be the financial growth partner of choice.<\/p>\n

\u201cWe remain anchored around delivering value and excellent service to our customers,\u201d he said.<\/p>\n

I&M Bank Rwanda registered an after-tax profit of Rwf1.6 billion between January and March this year, its first quarter financial performance results.<\/p>\n

The Bank reported Total Operating Income of Rwf8.billion in March 2021, a 12 per cent year on year growth and a profit before-tax of Rwf2.5 billion. The lender registered an after-tax profit of Rwf5.1 billion in 2020 despite the Covid-19 pandemic which adversely affected the bank\u2019s clients.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. I&M Bank Rwanda Plc has been recognised as the best bank (2021) in the country by CFI.co (Capital Finance International), a print journal and online resource reporting on business, economics and finance. The bank was selected by a panel of judges on consideration of market offerings, strategy, short term and medium growth […]<\/p>\n","protected":false},"author":84,"featured_media":597,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29,28],"tags":[760,763,328,903,758],"class_list":["post-598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-africa-press","tag-africa-press-rwanda","tag-bank","tag-best-bank","tag-rwanda"],"yoast_head":"\nFEATURED: I&M Bank awarded as best bank in Rwanda - Rwanda<\/title>\n<meta name=\"description\" content=\"I&M Bank Rwanda Plc has been recognised as the best bank (2021) in the country by CFI.co (Capital Finance International) ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/featured-im-bank-awarded-as-best-bank-in-rwanda\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FEATURED: I&M Bank awarded as best bank in Rwanda\" \/>\n<meta property=\"og:description\" content=\"I&M Bank Rwanda Plc has been recognised as the best bank (2021) in the country by CFI.co (Capital Finance International) ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/featured-im-bank-awarded-as-best-bank-in-rwanda\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-24T14:01:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-24T14:32:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2021\/08\/img-612502c96befd.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"847\" \/>\n\t<meta property=\"og:image:height\" content=\"491\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/featured-im-bank-awarded-as-best-bank-in-rwanda#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/featured-im-bank-awarded-as-best-bank-in-rwanda\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FEATURED: I&M Bank awarded as best bank in Rwanda\",\"datePublished\":\"2021-08-24T14:01:22+00:00\",\"dateModified\":\"2021-08-24T14:32:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/featured-im-bank-awarded-as-best-bank-in-rwanda\"},\"wordCount\":419,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/featured-im-bank-awarded-as-best-bank-in-rwanda#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2021\/08\/img-612502c96befd.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Bank\",\"best bank\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/featured-im-bank-awarded-as-best-bank-in-rwanda#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/featured-im-bank-awarded-as-best-bank-in-rwanda\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/featured-im-bank-awarded-as-best-bank-in-rwanda\",\"name\":\"FEATURED: I&M Bank awarded as best bank in Rwanda - 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