European Investment Bank extends financing facility to I&M Bank

I&M Bank Kenya Chief Executive Officer Kihara Maina (left) and European Investment Bank executive responsible for EIB business financing outside Europe Robert Schofield (right) sign new line of credit for onward lending to the bank’s SME, Corporate and Institutional Customers.

NAIROBI, KENYA: The European Investment Bank (EIB) has agreed a new US $ 40 million financing facility with I&M Bank that will support investment by businesses across Kenya.

 Backed by the new EIB facility I&M Bank’s SME, Corporate, and Institutional customers around the country will benefit from cheaper loans.