I&M gets Sh457m dividend from Mauritius subsidiary

I&M Bank signage at a branch on Kenyatta Avenue, Nairobi. PHOTO | FRANCIS NDERITU | NMG

I&M Group was paid a dividend of Sh457.6 million by its Mauritius subsidiary Bank One in November 2022 following the improved financial performance of the unit in the period.

Bank One, which is owned on a 50/50 basis by the Nairobi Securities Exchange (NSE -listed firm and Mauritian conglomerate CIEL Limited, said that it distributed a total of 320 million Mauritian rupees (Sh915.2 million at present exchange rates) to its owners in the payout.

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