LAGOS, NIGERIA — Globus Bank Limited, a national commercial bank in Nigeria, has been assigned its inaugural credit ratings by Fitch Ratings, one of the world’s foremost global credit rating agencies. The Bank has been assigned a Long-Term Issuer Default Rating (IDR) of ‘B-‘ with a Stable Outlook, a Viability Rating (VR) of ‘b-‘, and a National Long-Term Rating of ‘BBB (nga)’ with a Stable Outlook.
The rating assignment reflects Globus Bank’s sound financial profile, characterised by zero impaired loans, strong profitability metrics, and an adequate capital position, set against the backdrop of Nigeria’s improving but still challenging operating environment.
A Landmark Moment for a Fast-Growing Institution
The Fitch rating is the latest in a series of independent validations of Globus Bank’s growth trajectory; one that has been characterised by consistent financial performance, disciplined risk management, and a rapidly expanding customer franchise. Globus Bank has built a business model that it describes as “phy-gital”, combining traditional relationship banking via its physical branches with digital acquisition channels, driving rapid balance sheet expansion and financial results that have consistently outperformed the industry.
