Market Announcements

IMB Bank confirms that on 5 March 2020, the members of Hunter United Employees’ Credit Union Ltd (“Hunter United”) overwhelmingly approved the total transfer of business of Hunter United to IMB Bank, with 95% of eligible votes cast in favour of the resolution.

IMB Bank and Hunter United Employees’ Credit Union Ltd (Hunter United) are pleased to announce that the proposed transfer of business from Hunter United to IMB (the “merger”) has progressed through to the next stage of the regulatory approval process.

IMB Bank today announced a net profit after tax result of $13.2 million for the six months to 31 December 2019.

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.