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4.5IMEIB has been established in 1993 after getting a certificate of establishment from Ministry of Trade/ Companies Registration Office and money exchange license from CBI. IMEIB commenced its banking activities in 8th/5/1994 with a capital of IQD 400 million. Recently the recorded and paid up capital is 250 IQD billions folded-up by 625 times, these increases are achieved through the annual capitalizations and the other part is paid by shareholders since the bank's establishment. Our Bank has gotten the First-Grade (1C) among the Iraqi Private Banks according to the International CAMEL System for four years (2007-2008-2009-2010) successively, the bank also has Anti-Money Laundering Unit according to the law NO. 93 of 2004 and CBI's instructions as well.
