I&M Bank has widened its footprint in Kenya by opening two additional outlets, one in Kapsabet, Nandi County, and another in Nyali, Mombasa County.

The expansion raises the lender’s branch count to 65 in 24 counties, part of its ongoing iMara Strategy running from 2024 to 2026.

The Kapsabet branch is situated at the town’s business centre, where agriculture and small enterprises dominate the local economy.

The bank said the new office will target tea, maize, and dairy value chains while extending credit facilities to businesses and individuals.

Services on offer include agribusiness loans, equipment financing, and value chain support, all integrated with digital banking platforms.

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Explaining the choice of location, the bank’s Director of Retail Business Banking, Shameer Patel, highlighted the importance of the region.

“Kapsabet town serves as a vital agricultural and commercial hub for the North Rift region. I&M Bank’s presence here is a demonstration of our commitment to being where our customers need us most," Patel stated.

"Kapsabet branch will focus on supporting the region's robust agricultural value chains, particularly tea, maize, and dairy farming, while providing comprehensive financial solutions for local businesses as well as individual customers.”

The county administration described the move as a boost to trade and enterprise growth.

At the launch event, Nandi County CEC for Trade, Tourism and Enterprise Development, Isaiah Keter, said, “The presence of strong financial institutions like I&M Bank is the backbone of trade, enterprise, and industrialisation. This is not just the opening of a building, it is the opening of new opportunities for our people, our businesses, and our county's economic growth.”

The bank’s latest move follows the rollout of ten other branches earlier in the year, in towns such as Bungoma, Kericho, Kakamega, Embu, and Mtwapa.

Management has said its expansion decisions are based on research identifying areas with strong potential but limited financial access.

Patel noted that this approach underpins the bank’s long-term plan.

“Our data-driven approach to expansion ensures we're investing in communities where we can make the greatest impact. Kapsabet represents significant opportunities to support local economic development while expanding our customer base in strategic markets," Patel remarked.

I&M Bank also said the new branches will contribute to its sustainability agenda by promoting green financing options and broadening access to financial services.

The Nyali outlet, scheduled for launch this month, will strengthen the bank’s presence at the Coast and tap into Mombasa’s role as a key regional logistics hub.