The Iraqi Middle East Investment Bank is a private shareholding company established in 1993 originally with a capital of IQD 400 million. It was among the first group of private banks in Iraq following the relaxation of restrictions on private bank operations in the late 80's. The bank's customer base and trust grew rapidly over the years which helped raise IMEIB's capital to its current level of IQD 100 billion fully paid despite years of turmoil in the country. IMEIB has plans to raise its capital to IQD 250 billion by the year 2013.







Source: www.edinarfinancial.net/news