IMB committed to buybacks 29 August 2024 6:47AM Latest news Ian Rogers With its ordinary shares no longer recognised by APRA towards capital, IMB’s board says it “remains committed to ... share buybacks.” read more
IMB's strong loan book growth comes at a cost 09 February 2024 5:02AM Latest news John Kavanagh IMB Bank grew its home loan book at more than twice the rate of system growth during the December half-year, but could not escape the margin compression that has hit the retail banking industry and su.. read more
IMB Bank 'a compelling merger partner' 31 August 2023 6:17AM Latest news Ian Rogers On the back of a robust full year result, IMB Bank has reminded the sector that it is wide open to merger opportunities. read more
IMB says no deterioration in credit quality 14 February 2023 6:06AM Latest news John Kavanagh Like other lenders that have so far released their December half results, IMB Bank says its loan portfolios are performing well, with arrears below average. read more
Hunter IMB under deposit strain 26 August 2021 6:22AM Latest news Ian Rogers When expenses pump 10 per cent and fee income takes a tumble, look for funny business in bank financial reporting. read more
Brief: IMB completes notes issue 10 May 2021 4:25AM Latest news Banking Day staff IMB completed the issue of A$70 million of 10 Non-Call 5, Tier 2 Subordinated Floating Rate Notes at the 3 month BBSW+250 bps. read more
IMB cautions no pick-up in sight 16 September 2020 6:20AM Latest news John Kavanagh IMB Bank has reported a significant fall in profit, due in part to additional loan loss provisioning, and has warned investors to expect more of the same in the current financial year. read more
IMB and Hunter merger on track 07 February 2020 7:08PM Authorised deposit-taking institutions John Kavanagh IMB Bank hopes to celebrate its 140th year of operation by completing its merger with Hunter United Employees Credit Union. read more
IMB lifts dividend on flat profit 04 September 2019 3:45PM Authorised deposit-taking institutions George Lekakis IMB Bank says it has defied the low rate environment, subdued trading conditions in the housing market and intense competition from other lenders to deliver a flat full year profit. read more
IMB Bank boosts after-tax profits 30 August 2018 4:31PM Authorised deposit-taking institutions Banking Day staff Growing mutual bank IMB Bank added 12,000 new members and grew its net profit by 15 per cent over the 2017-18 financial year. read more
Briefs: Jones confirmed in CEO role, IMB outlines HQ plans, Council of Financial Regulators mulling 20 August 2018 3:42PM Briefs Banking Day staff Former Westpac staffer Mark Jones has been officially appointed CEO of non-bank lender SocietyOne. read more
15 days for SMSFs to switch to interest only 17 July 2018 2:50PM Westpac George Lekakis The number of prudentially regulated lenders ready to extend credit to self-managed super funds continues to dwindle after Westpac said it planned to withdraw from the market niche. read more
IMB hits investment grade 11 April 2018 4:45PM Authorised deposit-taking institutions Banking Day staff Fitch Ratings has assigned IMB Ltd a long-term issuer default rating of 'BBB+' with a 'Stable' outlook - ranking the Illawarra-based mutual bank at the lower end of investment grade. read more
IMB gives AGM further growth plan details 02 November 2017 5:06PM Authorised deposit-taking institutions Bernard Kellerman Illawarra-headquartered financial services outfit IMB Ltd has re-announced its next voluntary off-market share buyback, seeking to buy back up to $13 million of shares. read more
Briefs: New board members for CUA and IMB 04 September 2017 3:32PM Briefs Banking Day staff Andrew Reeves will join the board of Credit Union Australia, filling a spot vacated by Mike Pratt. read more
Sydney no stretch for IMB 25 August 2017 4:32PM Authorised deposit-taking institutions Ian Rogers Illawarra's banking champion IMB Bank is scouting for more merger partners, with the A$6 billion bank likely to consolidate on its improved reach in Sydney. read more
Briefs: IMB dips into sub debt, AMP upsizes RMBS, Mortgage Choice momentum 22 May 2017 4:04PM Briefs Banking Day staff IMB Ltd dipped into the hybrid pool on Friday, selling A$40 million via a subordinated tier two and Basel III-compliant floating rate note. read more
Briefs: AFG punts for status quo, IMB Tier 2 bonds 19 May 2017 3:57PM Briefs Banking Day staff AFG has asked regulators to keep a watchful eye on the big banks to ensure they do not use the government's recently announced major bank levy and the findings from their own ABA remuneration review a.. read more
Margins bother IMB 03 February 2017 4:52PM Authorised deposit-taking institutions Ian Rogers IMB Bank's profit took a dive over the December 2016 half year, down eight per cent to A$12.8 million. read more
IMB Bank completes fourth share buyback 16 December 2016 4:51PM Authorised deposit-taking institutions John Kavanagh IMB Bank has made further progress in its years-long project to buy back all its outstanding shares. read more