Abdi Mohamed confirmed as I&M Bank Kenya CEO after CBK nod
Mohamed was announced as the bank’s incoming CEO about four months ago, pending regulatory approval.
Nairobi, Kenya – Central Bank of Kenya (CBK) has approved I&M Bank Kenya's selection of Abdi Mohamed as their new Chief Executive Officer (CEO). Mohamed was initially announced as the bank's incoming CEO about four months ago, waiting for regulatory approval. The I&M Group's Executive Director, Sarit Raja Shah, expressed confidence in Mohamed's extensive banking experience, leadership skills, and knowledge of Kenya's financial services sector to steer the bank through its growth phase.
Prior to his appointment at I&M Bank Kenya, Mohamed held the positions of CEO and Managing Director at Absa Bank Kenya. Following his appointment, Kihara Maina, who had been acting CEO of I&M Bank Kenya, will revert to his role as Regional CEO for the I&M Group. I&M Group recently reported a 20.3 percent rise in net profit to Sh9.31 billion for the half-year period ended in June 2026, attributed to growth in both interest and non-interest income.
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