News Releases

 

 

Kyiv, Ukraine, April 21, 2008,— IFC, the private sector arm of the World Bank Group, expands its partnership with IMB Group Public Limited (IMB Group) and its subsidiary International Mortgage Bank (IMB), a leading Ukrainian consumer bank, to support development of housing finance in Ukraine. IMB is the only full service retail bank in Ukraine whose primary focus is the residential mortgage market. With this investment, IFC will help to address the country’s housing deficit, and enable a large portion of the low and middle-income population to improve their housing.

 

 

 

 

Kyiv, November 1, 2007. IMB Group Public Ltd, Ukraine’s leading pure-play consumer lender, announced today that it has registered with the NBU a US$53 million equity infusion to its major subsidiary – International Mortgage Bank ("IMB") as chartered capital. In addition to its existing capital, IMB Chartered Capital now stands at US$75.4 million. The total regulatory capital of IMB (Chartered Capital together with Tier 2 Capital) accordingly is US$83.4 million.

 

 

Kyiv, October 30, 2007. IMB Group Public Ltd, Ukraine’s leading pure-play consumer lender, announced today that it has repurchased US$3 million subordinated debt to its major subsidiary – International Mortgage Bank ("IMB"). The respective repurchase was made through an Assignment Agreement between IMB Group and WNISEF (managed by Horizon Capital). After the repurchase, $3 million Subordinated Debt was registered by NBU as IMB Tier 2 Capital.

 

 

Kyiv, September 28, 2007. IMB Group Public Ltd (IMBG), Ukraine’s leading pure-play consumer lender, announced today that it has held its Annual General Meeting. The meeting has approved the following items:

 

 

Kyiv, August 30, 2007. IMB Group Public Ltd, Ukraine’s leading pure-play consumer lender, announced today that it has increased the chartered capital of its major subsidiary – International Mortgage Bank ("IMB") by US$ 53 MM.

 

 

 

 

Kyiv, May 8, 2007. IMB Group Public Ltd, Ukraine’s leading pure-play consumer lender, announced today that it had agreed to financing terms with Warburg Pincus, the global private equity firm, under which, subject to certain conditions, the firm will invest up to $60 million in IMB Group’s upcoming $100 million equity increase.

 

 

 

 

IMB Group Public Ltd., Ukraine’s leading pure-play consumer lending platform, announced today the appointment of Mr. Lukas Muller as Chief Operations Officer.

 

 

International Mortgage Bank (IMB), Ukraine’s leading pure-play mortgage lending platform, signed an agreement last week with FMO (Nederlandse Financierings - Maatschappij Voor Ontwikkelingslanden N.V.) for an $11.5MM line of financing to fund their growing mortgage portfolio.

 

 

IMB Group Public Ltd., Ukraine’s leading pure-play consumer lending platform, plans to increase shareholders’ equity by $100MM and begin the process of Mortgage Securitization.

 

 

IMB Group is pleased to announce the appointment of Todd Esposito as Group CFO, who will be responsible for all finance, treasury and investor relations activities of the Group.

 

 

IMB Group Ltd., the leading pure-play consumer lending platform for the Ukrainian market, announced today that it attracted $31.5 million in new capital through a private placement. The Group has also announced that Joel Epstein, the retiring Global Head of Consumer Finance at AIG, will join its Board of Directors as Non-Executive Chairman.

 

 

Kiev, June 15, 2006. IMB Group Ltd., Ukraine’s leading pure-play consumer lending platform, announced today that Mr. Joel Epstein, the current Chairman and CEO of AIG Consumer Finance Group, Inc, will join IMBG’s Board of Directors as non-executive Chairman upon his retirement in July 2006. In conjunction with the appointment, Mr.Epstein will be making a personal investment into the shares of IMB Group.