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Agusto & Co., GCR Ratings Upgrade Globus Bank’s Credit Ratings

T

ThisDay· 1h ago· 1 min read

Globus Bank Limited, has secured credit rating upgrades from Agusto & Co., GCR Ratings, which further reinforcing the bank’s strengthening financial profile, improved capitalisation, sound asset quality, zero impaired loans, strong profitability, and robust liquidity.

In a statement released by the firm recently, the double upgrades is coming based on the success recorded in their financial year ended 31 December 2025, which showed that the bank’s total assets and contingents grew 77.4% to N3.5 trillion, while total assets alone grew 63.8% to N2.6 trillion, rising further to N3.3 trillion as of 30 April 2026.

The bank noted that this growth is what the two rating agencies cite as evidence of the bank’s strengthening balance sheet.

In a statement, the MD/CEO, Globus Bank Limited, Elias Igbinakenzua, said these upgrades are a validation of the disciplined choices we have made in how we…

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