Agusto & Co. and Global Credit Rating Boost Globus Bank’s Credit Rating
The investment outlook of Globus Bank has received a significant boost on its improved investment Grade rating following a re-appraisal of the bank’s credit rating by top line rating agencies Agusto & Co. and Global Credit Rating (GCR). Agusto & Co upgraded the bank from a maiden rating of ‘Bbb-‘ to ‘Bbb+’.
The upgrade by Agusto & Co. was hinged on the bank’s strong shareholders’ support as reflected in the successful capital raise of N15.1billion and subsequent license upgrade to a Commercial Bank with National Authorization in 2021 by the Central Bank of Nigeria (CBN).
With the upgraded license, the bank has since established branches in the North, South-East, South-South, and South-Western parts of Nigeria. 21 branches of Globus Bank are currently operational across the country.
The Bank is poised to take its core capital above N50.0billion by the end of 2022 financial year.
An ESG score of “3” was further awarded reinforcing the bank’s commitment to enshrining Environmental, Social and Governance best practices in its operations.
Similarly, GCR reaffirmed Globus Bank Limited’s National scale long and short-term issuer ratings of BBB-(NG) and A3(NG) respectively, with a Stable Outlook.
The rating agencies highlighted key performance indicators that included a strong capital base with Capital adequacy of 39.5% exceeding the regulatory minimum of 10%, high quality risk assets with zero (0%) Non-Performing Loan ratio compared to the industry average of 5.2%, liquidity ratio of 48% remains above the regulatory threshold of 30% and a pre-tax ROE of 38.23% up from 2020 position of 25.6% all led to this positive outcome.
Globus Bank commenced operations as a regional bank on November 6, 2019 and was upgraded to a national bank in November 2021.
Source: proshare
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At this time it appears like WordPress is the preferred blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
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Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
At this time it seems like Movable Type is the best blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
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Currently it appears like WordPress is the best blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?
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Right now it appears like Drupal is the top blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
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Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
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Currently it sounds like Movable Type is the best blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
At this time it sounds like BlogEngine is the best blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
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At this time it sounds like Expression Engine is the top blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
Currently it seems like Drupal is the preferred blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
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Can I simply say what a comfort to uncover an individual who actually understands what they are discussing over the internet. You actually understand how to bring a problem to light and make it important. More and more people ought to look at this and understand this side of your story. I can’t believe you’re not more popular because you surely possess the gift.
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At this time it sounds like Drupal is the preferred blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
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Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Aw, this was a very nice post. Spending some time and actual effort to make a very good article… but what can I say… I procrastinate a lot and don’t manage to get nearly anything done.
Can I simply just say what a relief to uncover a person that genuinely understands what they are discussing on the internet. You certainly understand how to bring an issue to light and make it important. More people really need to look at this and understand this side of your story. I was surprised you’re not more popular because you most certainly possess the gift.
Wow that was unusual. I just wrote an extremely long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say fantastic blog!
Right now it sounds like Drupal is the best blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
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Right now it seems like WordPress is the preferred blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Right now it sounds like BlogEngine is the top blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?
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Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
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Currently it sounds like Movable Type is the preferred blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
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Aw, this was a really nice post. Spending some time and actual effort to generate a really good article… but what can I say… I procrastinate a whole lot and don’t manage to get nearly anything done.
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Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Aw, this was a very good post. Spending some time and actual effort to create a top notch article… but what can I say… I put things off a whole lot and don’t seem to get nearly anything done.
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At this time it looks like Drupal is the preferred blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
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Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
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Right now it sounds like WordPress is the preferred blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
Currently it sounds like Movable Type is the preferred blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
Aw, this was an incredibly nice post. Taking the time and actual effort to produce a superb article… but what can I say… I put things off a lot and don’t seem to get nearly anything done.
Right now it looks like Drupal is the best blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
Right now it appears like BlogEngine is the top blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
At this time it looks like WordPress is the best blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
Wow that was odd. I just wrote an extremely long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say superb blog!
Can I simply just say what a comfort to find somebody who truly knows what they are talking about online. You definitely realize how to bring a problem to light and make it important. More and more people need to look at this and understand this side of your story. I was surprised you’re not more popular since you surely possess the gift.
Wow that was unusual. I just wrote an incredibly long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyways, just wanted to say superb blog!
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Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Wow that was strange. I just wrote an very long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say superb blog!
At this time it sounds like Drupal is the preferred blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
Excellent article. Keep posting such kind of information on your blog. Im really impressed by your blog.
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Aw, this was an exceptionally good post. Spending some time and actual effort to create a superb article… but what can I say… I procrastinate a lot and never manage to get anything done.
Aw, this was an extremely good post. Spending some time and actual effort to create a superb article… but what can I say… I hesitate a whole lot and never seem to get anything done.
Wow that was strange. I just wrote an incredibly long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyways, just wanted to say great blog!
Wow that was strange. I just wrote an incredibly long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say excellent blog!
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Currently it seems like Movable Type is the best blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
Right now it seems like BlogEngine is the top blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
Can I just say what a comfort to find an individual who genuinely knows what they’re talking about on the web. You definitely know how to bring a problem to light and make it important. More and more people have to check this out and understand this side of the story. It’s surprising you are not more popular given that you most certainly have the gift.
Right now it looks like Drupal is the top blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
Right now it looks like BlogEngine is the top blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
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Right now it seems like BlogEngine is the best blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
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May I just say what a comfort to uncover an individual who actually understands what they are discussing online. You actually realize how to bring a problem to light and make it important. A lot more people must look at this and understand this side of the story. I can’t believe you are not more popular because you certainly possess the gift.
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Aw, this was a really nice post. Spending some time and actual effort to make a top notch article… but what can I say… I procrastinate a lot and never manage to get anything done.
Right now it seems like Expression Engine is the top blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
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Right now it appears like Expression Engine is the top blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
May I simply say what a comfort to discover a person that truly knows what they are discussing online. You actually know how to bring a problem to light and make it important. More people ought to read this and understand this side of the story. I was surprised you’re not more popular because you most certainly have the gift.
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Right now it seems like BlogEngine is the preferred blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?
May I just say what a comfort to find somebody that really understands what they’re discussing online. You actually understand how to bring a problem to light and make it important. More and more people should read this and understand this side of the story. I was surprised that you’re not more popular given that you definitely possess the gift.