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IMB WHL

Sector: Warehouse • Location: Ukraine

Source: International Finance Corporation (IFC)

Project
Completed

_x000C_The proposed project involves an IFC’s minority equity investment and long term funding to IMB Group, to support its residential housing finance lending program. IMB is the only full service commercial bank in Ukraine whose primary focus is the residential mortgage market. Since inception, the Bank has issued over $66million of first lien mortgages in Ukraine and now captures approximatel

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Project Information

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The project “IMB WHL” is an infrastructure initiative in the Warehouse sector, located in Ukraine. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

_x000C_The proposed project involves an IFC’s minority equity investment and long term funding to IMB Group, to support its residential housing finance lending program. IMB is the only full service commercial bank in Ukraine whose primary focus is the residential mortgage market. Since inception, the Bank has issued over $66million of first lien mortgages in Ukraine and now captures approximately 10% of the Kiev capital region residential mortgage market in terms of disbursements, specializing in originating and servicing residential mortgages to individuals. IMB has ambitious plans to scale up its mortgage operations to help address the deficiency in the Ukrainian market. In addition to the residential mortgage business, IMB has a growing business providing point of sale consumer loans, credit cards and other consumer financing to the Ukrainian market. At year end 2006, these consumer loans accounted for 24% of its loan portfolio.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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