Market Announcements

IMB Bank held its Annual General Meeting today 23 October 2019.

Members are advised that the 2019 Annual General Meeting is to be held on Wednesday, 23 October 2019 at 10.30am (Sydney time), at the Novotel Northbeach Hotel, 2-14 Cliff Road, North Wollongong.

Against a backdrop of significant market challenges and transformation across the financial services industry, IMB Bank today announced results for the FY2019 that reflect the delivery of sustainable financial performance.

IMB Bank and Hunter United Employees’ Credit Union Ltd (Hunter United) have today announced their plans to pursue a merger, in a move that will deliver benefits to members of both organisations.

IMB Ltd (“IMB”) today announced the completion of its sixth off-market share buyback (“Buyback”). The Buyback was oversubscribed with 2.22 million shares tendered at a total value of $11.4 million (calculated at the Deemed Market Value of $5.16 and prior to the application of any discount).

IMB Ltd advises that the Deemed Market Value for the Off-Market Buyback of IMB Shares is $5.16.

IMB’s Board is pleased to announce details of an Off-Market Share Buyback under which it intends to buy back ordinary shares on issue through an off-market tender (“Buyback”).

IMB Bank today announced a net profit after tax result of $15.4 million for the half year to 31 December 2018, against $15.8 million for the previous corresponding period.

In support of IMB Bank’s strategic growth objectives and commitment to meeting the evolving needs of its members, Chief Executive, Robert Ryan, has announced changes to the company’s executive leadership team.