Market Announcements

As foreshadowed by the Chairman in the 2015 Annual Report, and again at the 2015 AGM, the Board has undertaken a review of the non-binding, indicative Dividend Guideline released in 2012.

IMB Bank Board Elects New Chairman And Appoints Non-Executive Director

In a year of several strategic milestones, including the announcement of the merger with Sutherland Credit Union Ltd and having completed the successful transition to mutual bank, IMB Bank has reported a consistent financial performance for the year ending June 2016, with a Group Operating profit result of $29.6million after tax.

In 2008, IMB’s Board sought a report from PricewaterhouseCoopers Securities Ltd (PwC Securities) on the relative contribution Shareholder Members have made to the permanent funding of IMB compared to the contribution made by IMB’s other Member classes (Contributed Funding).

IMB Bank is pleased to announce that the transfer of business of Sutherland Credit Union Limited (The Shire…Local Banking) to IMB Bank was completed today, 1 July 2016.

IMB announces that it has completed the issue of A$30,000,000 of 10 Non-Call 5, Tier 2 Subordinated Floating Rate Notes at BBSW+375bps under its existing AUD $2,000,000,000 Debt Issuance Program.

IMB Bank is pleased to confirm that APRA has approved the total transfer of business of Sutherland Credit Union Limited (The Shire…Local Banking) to IMB Bank.

IMB Bank is pleased to confirm that on 11 May 2016, the members of Sutherland Credit Union Limited (“The Shire…Local Banking”) overwhelmingly approved the proposed total transfer of business of The Shire…Local Banking to IMB Bank, with 96% of eligible votes cast in favour of the resolution.

IMB is pleased to announce that Ms Gai McGrath has joined the Board of IMB and its subsidiaries as a non-executive director, following a casual appointment made by Directors.