Integrated Microfinance Bank (MFB) Plc was incorporated as a wholly indigenous limited liabilitycompany on June 16, 2006 following the grant of an approval-in-principle by the Central Bank of Nigeria on 31st May 2006. The bank obtained the final operating license as the first micro finance bank in Nigeria on September 2, 2006 with an authorized share capital of N250 million divided into 250 million ordinary shares of N1.00 each.The authorized share capital was subsequently increased to N 500 million and N 2 billion to accommodate the teeming high net worth individuals yearning to have a stake in the Bank.IMFB was promoted by a group of investors who saw the gap in the micro finance segment of the financial industry. Preparation of documentations for licensing commenced in December 2005, upon the official launching of the micro finance policy in Nigeria by the then President and Commander-in-Chief of the Federal Republic of Nigeria, Chief Olusegun Obasanjo.