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2015 /

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IMB is pleased to advise that the Australian Prudential Regulation Authority (APRA) has consented to IMB Ltd using the restricted term “bank”. As such IMB will begin trading under the business name IMB Bank from 1 August 2015. IMB’s legal name remains IMB Ltd.

As previously advised, converting IMB from a mutual building society to a mutual bank has been under consideration by IMB’s Board and management for some time as outlined in previous Annual Reports and at past Annual General Meetings. After undertaking extensive research into the change, both within our member base and externally, the Board consider that  using the term ‘bank’ will provide opportunities for growth and recognition in a competitive environment.

It is important to note that IMB’s ownership model does not change as a result of becoming a mutual bank.

For IMB’s members, there will be little noticeable change in the way IMB operates other than the use of our new business name and our updated logo. Meeting members’ needs is our priority and our member-focused approach to product and service delivery will remain unchanged.

If members have any questions in relation to this announcement, please call the Mutual Bank Member Inquiry Line on 1300 132 816.

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Why choose us?

Established in 1880, IMB Bank is one of the most enduring financial institutions in the country, helping people achieve their financial goals for over 140 years. Our members can access a fully featured range of services: home and personal lending, savings and transaction accounts, term deposits, business banking, and more.

Our renowned personal service is backed by innovation, providing convenient, secure digital banking options where and when you want it. IMB also has a growing retail branch network throughout NSW and Victoria, for when you need to speak to someone in person, and a team of professionals at our locally based contact centre. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you.

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