PremiumTrust Bank Achieves Dual Credit Rating Upgrades

On September 8, 2023, PremiumTrust Bank announced credit rating upgrades from Agusto & Co. and DataPro Limited, attributed to its robust capital position, asset quality, liquidity, and financial performance. Agusto & Co. raised the bank's long-term rating from BBB+ to A- and its short-term rating from A2 to A1.

DataPro upgraded the long-term rating from A- to A, affirming the short-term rating at A1. An A-category long-term rating indicates low credit risk, while an A1 short-term rating shows a high capacity to meet financial commitments.

PremiumTrust Bank's capital adequacy ratio surged from 20.8% to 40.8%, with a liquidity ratio of 71.1% and a non-performing loan ratio of 0.2%. The bank reported a pre-tax profit of ₦177.1 billion and total assets of ₦1.7 trillion for the financial year 2025.

The bank's management, governance, and expansion efforts were also noted as contributing factors. Emmanuel Efe Emefienim, the Managing Director and CEO, stated that the upgrades validate the bank's foundational work since its inception.