Call us
+38 044 495 60 53, 044 495 60 55







Иностранный банк с международными инвестициями
+38 044 495 60 53
3080

Google+

News

26.01.2007

IMB Group Board Approves $100MM Equity Increase And Approves Securitization Project Of Mortgage Backed Securities



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 Board of Directors during its quarterly meeting approved an equity increase of $100MM for the Group. The decision for an equity increase is due to the significant growth plans in its IMB and Family Credit subsidiaries.

IMB Group Board of Directors also approved a Mortgage Backed Securitization Project with partners Banco Finantia and VTB. The project will consist of 3 stages: a feasibility study, shortterm warehouse facility, and securitization. IMB Group plans to start using the short-term warehouse facility in the second half of 2007.

Mr. Gregory Krasnov, IMB Group CEO, said: “In 2006, our balance sheet grew from $9MM to over $70MM. This triple digit growth is attributable to both our mortgage and sales finance portfolios. Our plans for 2007 and 2008 include continued triple digit growth of our product portfolios. The equity increase and potential mortgage securitization will be key facilities to support IMB Group’s development in Ukraine.”

Mr. Todd Esposito, IMB Group CFO, added: “Continued growth at IMB will place constraints on our existing capital. A combination of a $100MM Equity increase and Securitization will ensure that we meet capital adequacy rules and have a proper mix of both equity and debt financing. IMB plans to be a leader in bringing Mortgage Securitization to Ukraine.”

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 IMB, a mortgage bank, and Family Credit, a consumer lending intermediary. IMB Group is backed by Horizon Capital, Ukraine’s leading private equity fund manager.



 

For Your Reference:
Platinum Bank is one of the biggest players in the national banking system. It belongs to the 1st Group of Banks according to the rating of the National Bank of Ukraine (over 0.5% of assets of the Banking System of Ukraine). Its regional network includes 69 branches and 1080 points of sales in various regions of Ukraine.
One of the top strategic priorities of Platinum Bank is transactional business. In 2016 Platinum Bank became one of the leaders in crediting for individuals among Ukrainian banks. It is also one of the annual leaders on the market in consumer credit segment.
Also, Platinum Bank is actively working on its Digital Bank project. Among others, it actively develops its pay.ptclick.com.ua platform and Platinum Lab – a lab of financial innovations.
At the same time Platinum Bank actively engages more and more corporate clients, first and foremost in distribution and IT business.
Follow Platinum Bank on Facebook

 

to list
17.08.2017
17.08.2017