New CEO of IMB, Robert Ryan, said it will not have to enter the securitisation market in the next twelve months. "We are highly liquid and well capitalised at the moment, and we do not need to enter that (securitisation) market at the moment. We certainly could go twelve months."Our securitisation and capital funds is around the low 30s (percent of funding), with the remainder coming from retail."IMB had securitised almost half of its residential mortgages as at financial year end 2007, and has been very innovative in launching a commercial mortgage backed securitisation in financial year 2005, with a second $250 million offering in 2007.In August, then CEO Wayne Morris said IMB was definitely considering a fifth RMBS, but due to deteriorating credit markets in recent months and the strong retail deposit base, it is unlikely this funding will be required in the short term."We don't have debt programs in the capital markets."The majority of our members are deposit members. Loan membership is substantial, but is not the largest part of our overall membership".Ryan said loan approvals in recent months were in line with the previous year, and there had been only a slight increase in members fixing loan rates over variable."A good chunk of our loan writings is in New South Wales, which is a flat market and probably about the same as it was last year."Ryan was appointed CEO in late October 2007 after eight years with the building society, after the retirement of Wayne Morris, a 30-year veteran of IMB.