Moody’s Investors Service (Moody’s) has changed the outlook on IMB Bank to negative from stable. IMB’s current long-term issuer rating of Baa1 and short-term issuer rating of P-2 remain unchanged.
Today’s action on IMB’s outlook was prompted by the change in outlook on the broader banking system. In early April Moody’s changed its outlook for the broader Australian banking system to negative, reflecting its view that ‘the economic impact of coronavirus-related disruptions will strain banks’ loan performance’.
24 April 2020
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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