PremiumTrust Bank's CAR Soars to 40.8% After Upgrades
PremiumTrust Bank's capital adequacy ratio (CAR) has risen to 40.8%, nearly doubling from 20.8%. This improvement follows upgrades from Agusto & Co., which raised the bank's long-term rating from BBB+ to A- and its short-term rating from A2 to A1, while DataPro upgraded its long-term rating from A- to A and affirmed its short-term rating at A1.
The upgrades reflect the bank's robust capital position, effective risk management, and consistent growth. PremiumTrust reported a pre-tax profit of N177.1 billion and total assets of N1.7 trillion for the 2025 financial year.
The bank's liquidity ratio is at 71.1%, with a non-performing loan (NPL) ratio of 0.2% and a cost-to-income ratio of 23.2%. Emmanuel Efe Emefienim, managing director and CEO, stated that these upgrades validate the bank's foundational strengths.
PremiumTrust operates 33 branches nationwide and continues to invest in digital banking, enhancing its mobile app with advanced features.
Plus234Feed summary based on reporting from BusinessDay. Read the original report below.
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