IBA Annual Report 2023-24 is now available

This year’s Annual Report outlines the first-year results and progress in implementing our five-year strategy out to 2028 and our 2023-24 Corporate Plan.

It outlines how we are changing our ways of working to align with the Priority Reform Areas under the National Agreement on Closing the Gap to support self-determination through inclusive, equitable and fair access to capital.

During the year we:

• Distributed over $364.7 million in capital or capability development to Aboriginal and Torres Strait Islander people
• Supported 2,681 people with an IBA product or the opportunity to access the economy through a job or procurement
• Provided 3,829 people with access to networks, knowledge, and capability-building services.

IBA Chairperson, and Dagoman man, Eddie Fry, said:

“Our purpose sets out the requirement to advance the commercial and economic interests of Aboriginal and Torres Strait Islanders people and communities by accumulating and using a substantial capital and asset base for the benefit of Aboriginal and Torres Strait Islander peoples.

“IBA’s consolidated total assets now exceeds $2.3 billion—a remarkable increase from $1.7 billion just five years ago.

“The IBA Board is proud of IBA’s achievements, and those of our customers, and we look forward to driving greater outcomes in the future.”

The report includes photos and stories from inspiring, resilient and determined IBA customers and showcases some of the innovative new initiatives delivered by IBA during the year including:

• The launch of the myIBA portal and shared equity home loan product
• Supporting residential housing development opportunities
• The $2.7 million distributed to social enterprises led by women, in partnership with PM&C.

It also expands our sustainability reporting and explains how our products and services continue to have a positive impact in the lives of Aboriginal and Torres Strait Islander people.

View the report highlights.

View the full IBA Annual Report 2023-24.