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Agusto & Co. and GCR Ratings Upgrade Globus Bank’s Credit Ratings
['Akintayo Eribake']
Vanguard News
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.
Liquidity remained robust, with the liquidity ratio rising to 87% (FYE 2024: 66%), well above the 30% regulatory minimum.
GCR: Capital, Asset Quality and Liquidity Drive the UpgradeGCR’s rating rationale similarly rests on three pillars central to the Bank’s improved credit profile.
Third, funding and liquidity strength: the Bank’s regulatory liquidity ratio has consistently exceeded 100%, well above the 30% regulatory minimum, while customer deposits grew by over 70% in 2025.