About Us
Dive deeper into our world and learn more about our story.
The Ihiala Microfinance Bank Nigeria Limited (IMFB) is an offshoot of lhiala Community Bank which was first incorporated as a private limited liability company by the then President Ibrahim Babangida’s administration. With a provisional share capital of (N250, 000) Naira ordinary shares of N1 each, operating License was issued to the Bank by the Central Bank of Nigeria in January,1992 and it began operations the same year.
Following the consolidation of the banking sector and other financial institutions, in 2008 and 2009. The share capital of Bank was raised to N30,337,775 ordinary shares of N1 each; following a highly successful hybrid offer, rights issue in 2009 and previous bonuses allotted at various operating years. Out of the then 1,000 existing community banks in Nigeria, Ihiala Microfinance Bank was among the first 68 to be given final approval to migrate to Microfinance Banking.
Our Bank is a tier 2 Microfinance bank with its operational office located at Ihiala, Ihiala LGA, Anambra State of Nigeria. Our Shareholders’ fund has grown over the years and it now stands at; above 200million naira. Efforts are in top gear to further increase the bank share capital through rights issues and new issues.
