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IMB currently holds issuer credit ratings from the following two external credit assessment institutions (ECAIs):

IMB Ltd ('IMB') Credit Rating:

Rating Agency Short Term Long Term Outlook

Moody's Investor Services




Fitch Ratings





Moody’s Investor Services

On 16 April 2021, Moody’s Investors Service (Moody’s) revised the rating Outlook on IMB to Stable from Negative and affirmed IMB’s rating: long-term issuer rating of Baa1 and short-term issuer rating of P-2. The outlook change  reflects Moody's view that the economic recovery in Australia will support banks' operating environment and IMB's credit profile over the next 12-18 months. For more information visit


Fitch Ratings

On 28 January 2021, Fitch Ratings (Fitch) revised the rating Outlook on IMB to Stable from Negative and affirmed the Long-Term Issuer Default Rating (IDR) at 'BBB+' and Short-Term IDR at ‘F2’. The revised Stable Outlook reflects IMB’s sound asset quality and Fitch’s view that IMB has adequate headroom in its current rating to weather the expected deterioration in asset quality and profitability over the next two years. For more information visit


IMB continues to closely monitor developments including the impact of the economic disruption caused by the Covid-19 pandemic. IMB’s key financial indicators remain intact and key regulatory capital and liquidity ratios are being prudently managed at appropriate levels in the context of the current extraordinary environment.

As the current situation continues IMB will remain focused on ensuring the safety of our people and their families, continuing to support and safely meet the needs of our members, ensuring IMB’s operations remain resilient, and maintaining prudent oversight of our financial risks.

IMB’s credit profile, balance sheet and other fundamentals remain strong. In particular IMB is well capitalised relative to risk (with total regulatory capital at 17.4% at 30 June 2021), has significant levels of liquidity (with High Quality Liquid Assets of 18.0% at 30 June 2021), and has stable earnings and a low cost-to-income ratio relative to peers. In addition, IMB maintains sound asset quality in its loan portfolio with arrears statistics and bad debt experiences that are well below national industry averages (at 30 June 2021 IMB’s residential arrears 90+ days was 0.13% representing 28 loans out of 21,826). 



Credit ratings are statements of opinion and not statements of fact or recommendations to purchase, sell or hold any securities. Credit ratings are subject to change.


IMB Key Credit Numbers
As at 30 June 2021
Liquidity ratio (%) (APRA minimum - 9.0%) 18.0
Total Liquidity 20.3
Capital adequacy (%) (APRA minimum - 8.0%) 17.4
Arrears (%)
[non-performing loans (>90 days in arrears/total mortgage loans)]
28 loans out of 21,826
Total assets ($m) 6,965
Total profit after tax ($m) for the year to 30 June 2021 30.8

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