Ibeto Community Bank Nigeria Limited the forerunner of Ibeto Microfinance Bank Ltd was incorporated as a private limited liability on 25th February, 1991. It commenced business soon after on 11th May 1991.The bank immediately established a reputation as a giant in grassroot banking within the enterprising community of Nnewi and its environs during the era of community banking and was converted to a microfinance bank in 2007. The bank witnessed phenomenal growth within its first decade of operations through prompt response to the needs of the numerous customers in the business community. This however slowed down due to influx of commercial banks into Nnewi in late nineties and the cut throat competition that ensued. With the advent of microfinance banking in Nigeria, the bank underwent a restructuring and repositioning exercise that returned the bank to growth path once again following a retooling, of the bank in terms of capital, material and human resources and carving out of a market niche. The board of the bank is headed by the founder and pioneer chairman – C.M. Ibeto (CON) – a consummate industrialist and entrepreneur. He is assisted by other accomplished Nigerians that brought on board their varied expertise. They are Dr. Amamchukwu Ezeike, Bar. Emeka Etiaba and Mr. Osita Aguolu