Tanzania, Aug. 19 -- I&M Bank Tanzania has crossed the Sh 1 trillion asset threshold and set its sights on joining the country's top 10 banks within the next three to four years, as it turns to the capital market to finance its next phase of growth.

The bank's expansion strategy will be supported by the I&M Hatua Bond, a Sh 100 billion Medium-Term Note Programme intended to diversi-fy funding, support loan growth and strengthen balance-sheet manage-ment.

Chief Executive Officer and Man-aging Director Zahid Mustafa said the bank could reach the top 10 through organic growth in about four years, while an acquisition could shorten the timeline to approximately three years.

"Once we crossed the one-trillion mark, which was our theme for th...