Nwannegadi Microfinance Bank Limited was incorporated on May 20, 2005 by the Corporate Affairs Commission, Nigeria. It obtained a banking license from Central Bank of Nigeria (CBN) on December 27, 2006 and commenced microfinance banking business on January 22, 2007 with an asset base of N32 million as unit microfinance bank.

Since inception, the Bank has provided excellent banking services and hence contributed to the economic growth and development of Orlu and its environs. It was incorporated as a limited liability company with its present head office, at No. 51 BSC Road, Orlu, Imo State.

The management in its resolve to bring the banking services nearer to the rural people embarked on massive awareness drive through electronic and print media, intimating rural dwellers of the importance of microfinance banking to their overall well-being. Their responses were overwhelming.

The Bank recorded a very impressive growth and currently occupies a prominent position in the Imo State and Nigeria microfinance banking industry growing its total liabilities from N32 Million as at the day of commencement of operation to N819 Million Naira as at 31st December 2015. The response of the people as validated by this result was an indication that the newly introduced microfinance banking in Nigeria has started making impacts on the socio economic development of the people.

Following its rapid changing economic and business environment, the Bank has at various times restructured its operations. For instance, before the end of 2007 the Bank began its expansion drive, which metamorphosed into opening a new branch at the popular Imo State International Market, Umuna Orlu. This new branch added impetus to the growing profile of the Bank and more importantly bringing the banking services to the doorsteps of the traders and artisans in the area.