According to <i>Al-Ahali</i> newspaper, the Iraqi Middle East Investment Bank, one of the operating 19 private banks in Iraq, announced that its balance sheet amounted to ID 245 billion by the end of the fourth quarter of 2004, a 17.7% rise compared with the end of the third quarter of the same year.
The bank also reported that its total customer deposits amounted to ID 134 billion by the end of the fourth quarter of 2004, a 10.7% rise compared with the end of the third quarter of the same year.
The Iraqi Middle East Investment Bank has been established as a joint-stock company with a principal fund about 400 Million Iraqi Dinar, this bank start the work on 1994 after accomplished an official license from the Central bank, then the major branch was opened on 8th of May in 1994 . The primal goals of this bank is to fill the general reserved of money and investment it in all different fields and participating in the process of raising and boosting the Iraqi economic, and the activates of this bank are in different types such as the commercial, investment, local and International fields. Numbers and locations of the bank branches: This bank has 11 branches in all over Iraq, 6 of them inside Baghdad.
