IMB Group registers $53MM additional equity capital of International Mortgage Bank with NBU

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.

 

With the $53MM increase in chartered capital, IMB is now a Top 50 bank of Ukraine and holds 34th place by amount of regulatory capital (according to the Association of Ukrainian Banks ranking by amount of capital dated October 1st, 2007). After an upcoming registration of US$19.8 million subordinated debt as a Tier 2 capital, IMB expects to become one of the Top 30 Ukrainian banks.

 

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, and leading global private equity firms Warburg Pincus with over $20bn under management, and East Capital with over $5bn under management.