Fitch Upgrades Agibank’s Rating to ‘AA(bra)’, with stable Outlook
Reflects improvements in Agibank’s business profile, revenue diversification, corporate governance, and internal controls.
Agibank, a bank operating a hybrid platform that combines the efficiency and scalability of digital channels with the proximity and personalized service of a physical presence, has received a credit rating upgrade from Fitch Ratings, which elevated the bank’s rating from ‘AA-(bra) to ‘AA(bra)’, with a Stable Outlook. Agibank is a subsidiary of Agi Inc. (NYSE: AGBK) (“Agi”).
In its report, Fitch comments that “the rating upgrade reflects Agibank’s strengthened credit profile, supported by greater scale, franchise expansion, improved capitalization following Agi Inc.’s IPO, resilient profitability, consistent asset quality, and diversified funding sources. This improvement was achieved amid a more challenging environment for the payroll lending industry, marked by regulatory changes that affected origination volumes and competitive dynamics, reinforcing Fitch’s view of the bank’s resilience.”
Agibank receives this upgrade during an important strategic context for the business, with a growing base of over 7.0 million active customers and a Credit Portfolio of R$ 35.5 billion by the end of March 2026, indicators that grew +63.9% and +30.3% over the previous year, respectively.
