Corporate Profile

 

 

IMB Group was formed in May 2006 as a consumer finance holding company, incorporated in Cyprus, holding 100% stakes in International Mortgage Bank (Ukraine banking entity established in January 2005), the first specialized mortgage lending bank in Ukraine, and Favorit Kapital (Ukraine company operating under the Family Credit brand established in October 2005), a Sales Finance credit intermediary.

 

International Mortgage Bank is the largest entity within IMB Group. All loans are booked on its balance sheet. Favorit Kapital acts as an agent network offering banking services to our partners.

 

IMB Group prides itself in our corporate governance and open shareholder structure. We have 4 main shareholders who own 81% of our stock. The remaining 19% are held by institutional and private investors and 15% of mentioned remaining shares are traded as Warrants on the Vienna Stock Exchange. Our Supervisory Board consists of Western experts from both the business and private equity spheres.

 

IMB Group is one of the fastest growing consumer banking companies in Ukraine. From December 2005 to 2006, our loan portfolio has increased from $9.6MM to $67.3MM. Monthly disbursements have increased from less than $2MM in December 2005 to $11.76MM in December 2006. Currently, the portfolio consists of mortgages (67%) and sales finance (33%) products.

 

As of February 2007, IMB Group operates in all 25 oblasts of Ukraine under the Family Credit brand serving approximately 400 retail points of sales. IMB group also offers mortgages in 7 regions of Ukraine (Kiev, Dniepropetrovsk, Odessa, Donetsk, Kharkov, Lvov, and Vinnitsa).