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. The bank noted that this growth is what the two rating agencies cite as evidence of the bank’s strengthening balance sheet. However, the firm noted that Agusto & Co. upgraded the Bank’s ratings to “A+” (Long Term) and “A1” (Short Term), from “A”, with a stable outlook, as 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. According to the statement, “Agusto & Co.’s upgrade rests on the Bank’s improved capitalisation, nil impaired loans, good profitability, and strong liquidity, tempered by concentration in the loan book and deposit base. During the year under review, Globus Bank’s capital buffers were strengthened by N108.9 billion in additional capital, lifting the capital adequacy ratio (CAR) to 23.7% as at FYE 2025, well above the 10% regulatory minimum.”