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IMB's credit rating information is restricted to viewing by 'wholesale clients' only. Please read and agree to the terms below to access our credit rating information.

By continuing to access, browse or use this web page from within Australia, you represent to IMB that you are, or are accessing the credit rating page as a 'wholesale client', or representative of one, and that neither you nor the entity you represent will directly or indirectly disseminate the credit rating to 'retail clients' within the meaning of section 761G of the Corporations Act 2001. 

I am a 'wholesale client' or representing one as described below:

  • an Australian financial services licensee; or
  • a listed entity, or a related body corporate of a listed entity;
  • a business that employs at least 20 people or, in the case of a manufacturing business, at least 100 people; or
  • a person with a copy of a certificate given by a qualified accountant within the last 6 months stating that they have net assets of at least A$2.5 million or gross income for each of the last two financial years of at least A$250,000 per year;
  • an organisation regulated by Australian Prudential Regulation Authority (APRA) (and am not a superannuation fund, or an approved deposit fund, or a pooled superannuation trust, or a public sector superannuation scheme);
  • a body registered under the Financial Sector (Collection of Data) Act 2001;
  • a trustee of a superannuation fund, or an approved deposit fund, or a pooled superannuation fund, or a public sector superannuation scheme, within the meaning of the Superannuation Industry (Supervision) Act 1993 and the fund, trust or scheme has net assets of at least A$10 million;
  • a person in control of at least A$10 million, including through an associate or under a trust that I manage;
  • an exempt public authority; or
  • a body corporate or an unincorporated body corporate that carries on a business of investment in financial products, interests in land or other investments and for those purposes invest funds received (directly or indirectly) following an offer or invitation to the public (within the meaning of section 82 of the Corporations Act 2001) and the terms of the offer or invitation provide for the funds subscribed to be invested for those purposes.

By clicking on 'Continue' below, I confirm I am, or I am representing, a 'wholesale client' as described above.

IMB currently holds issuer credit ratings from the following two external credit assessment institutions (ECAIs):

IMB Ltd ('IMB') Credit Rating:

Rating Agency Short Term Long Term Outlook

Moody's Investor Services




Fitch Ratings





Moody’s Investor Services

On 16 December 2021, Moody’s Investors Service (Moody’s) affirmed IMB’s rating: long-term issuer rating of Baa1 and short-term issuer rating of P-2 with Stable outlook. The rating reflects IMB’s ‘strong asset quality to date and its focus on low-risk mortgages, which will provide a buffer against the uncertainty around future asset quality arising from the coronavirus pandemic’, and IMB’s ‘substantial liquid assets and less reliance on wholesale funding markets’. For more information visit


Fitch Ratings

On 28 January 2021, Fitch Ratings (Fitch) revised the rating Outlook on IMB to Stable from Negative and affirmed the Long-Term Issuer Default Rating (IDR) at 'BBB+' and Short-Term IDR at ‘F2’. The revised Stable Outlook reflects IMB’s sound asset quality and Fitch’s view that IMB has adequate headroom in its current rating to weather the expected deterioration in asset quality and profitability over the next two years. For more information visit


IMB continues to closely monitor developments including the impact of the economic disruption caused by the Covid-19 pandemic. IMB’s key financial indicators remain intact and key regulatory capital and liquidity ratios are being prudently managed at appropriate levels in the context of the current extraordinary environment.

As the current situation continues IMB will remain focused on ensuring the safety of our people and their families, continuing to support and safely meet the needs of our members, ensuring IMB’s operations remain resilient, and maintaining prudent oversight of our financial risks.

IMB’s credit profile, balance sheet and other fundamentals remain strong. In particular IMB is well capitalised relative to risk (with total regulatory capital at 17.4% at 30 June 2021), has significant levels of liquidity (with High Quality Liquid Assets of 18.0% at 30 June 2021), and has stable earnings and a low cost-to-income ratio relative to peers. In addition, IMB maintains sound asset quality in its loan portfolio with arrears statistics and bad debt experiences that are well below national industry averages (at 30 June 2021 IMB’s residential arrears 90+ days was 0.13% representing 28 loans out of 21,826).


Credit ratings are statements of opinion and not statements of fact or recommendations to purchase, sell or hold any securities. Credit ratings are subject to change.


IMB Key Credit Numbers
As at 30 June 2020
Liquidity ratio (%) (APRA minimum - 9.0%) 18.5
Total Liquidity 20.0
Capital adequacy (%) (APRA minimum - 8.0%) 16.0
Arrears (%)
[non-performing loans (90+ days in arrears/total mortgage loans)]
excludes loans from Hunter United Credit Union merger 1 May 2020
35 loans out of 20,614
Total assets ($m) 6,787
Total profit after tax ($m) for the year 30 June 2020 26.3

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Why choose us?

Established in 1880, we have been helping people achieve their financial goals for 140 years and are rated by Forbes as one of the World’s Best Banks. We offer a full range of competitive banking, including home and personal lending, savings and transaction accounts, term deposits, business banking, and can arrange financial planning, insurance and travel products.

We provide simple and secure digital banking solutions online and on mobile, and members enjoy access to free automated phone and internet banking, and a team of professionals at our locally based contact centre. With a growing branch network throughout the Illawarra, Sydney, NSW South Coast, Newcastle/Hunter, the ACT and Melbourne, we have a lending specialist in every branch and a team of mobile lending specialists who will come to you.

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