Vanguard· 1h ago· 1 min read
LAGOS, NIGERIA — Globus Bank Limited, a national commercial bank in Nigeria, has secured credit rating upgrades from two of the industry’s leading agencies, reinforcing the Bank’s strengthening financial profile. Agusto & Co. has upgraded the Bank’s ratings to “A+” (Long Term) and “A1” (Short Term), from “A”, with a Stable Outlook. GCR Ratings (GCR) also upgraded the Bank’s national scale ratings to BBB+(NG) for the Long-Term Issuer rating and A2(NG) for the Short-Term Issuer rating, from BBB(NG) and A3(NG) respectively, also with the Outlook maintained at Stable.
Both upgrades point to the same underlying story: improved capitalisation, sound asset quality, zero impaired loans, strong profitability, and robust liquidity. In the financial year ended 31 December 2025, Globus Bank’s total assets and contingents grew 77.4% to ₦3.5 trillion, while total assets alone grew 63.8% to ₦2.6…
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