IMB Group / News Room / News Releases / International Mortgage Bank Signs $11.5MM Mortgage- Backed Loan Agreement With Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V.

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International Mortgage Bank Signs $11.5MM Mortgage- Backed Loan Agreement With Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V.

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.

After finalizing a $5MM deal in December 2006, IMB and FMO agreed to increase their co-operation together this past week to help IMB finance its growing mortgage portfolio. The loan, backed by customer mortgages, will allow IMB to continue to develop the mortgage market in the Ukraine.

Mr. Todd Esposito, IMB Group CFO, said: “This is IMB’s second deal with an International Financing Institution after our OPIC loan agreement from 2005. We are pleased to be working with FMO and anticipate our partnership to grow over the coming years. For IMB, the FMO loan is another sign of the international marketplace’s desire to work with solid growth companies in Ukraine who display proper corporate governance ethics.”

Mr. Ewout B. van der Molen, Investment Officer Europe and Central Asia FMO, added: “This deal with IMB will assist the further development of the Ukrainian mortgage market. Something FMO, as a Development Finance Institution, is very keen on to support. Besides, providing long term funding to IMB will provide it with an excellent position to realize its growth strategy."

About IMB Group Public Ltd.:

IMB Group Public Ltd. is Ukraine’s leading pure-play consumer lending platform, offering mortgages, POS loans, and deposits. IMB Group owns 100% stakes in International Mortgage Bank (IMB) and Family Credit, a consumer lending intermediary. IMB Group is backed by Horizon Capital, Ukraine’s leading private equity fund manager.

About FMO:

The Netherlands Development Finance Company (FMO N.V.) supports the private sector in developing countries and emerging markets in Asia, Africa, Latin America and Central and Eastern Europe with loans, participations, guarantees and other investment promotion activities. The goal is to contribute to the structural and sustainable economic growth in these countries and, together with the private sector, obtain healthy returns. These returns make FMO a valuable risk partner. FMO builds bridges between entrepreneurs and capital, locally as well as across frontiers, for sustainable development and healthy returns.