According to the CRA, the “A-” indicates low risk, adding that it shows financial strength, operating performance and business profile when compared to the standard established by DataPro.The PUNCH
, said, “This bank, in our opinion, has a strong ability to meet its ongoing obligations. The DataPro Rating Committee authorised the rating after assessment of the bank’s financial performance, capital adequacy, asset quality, liquidity, profitability, corporate governance, risk management/factors as well as future outlook of its current healthy profile in the medium to long-term period.”
The statement noted that the bank’s key financial indicators were improved mainly during the year under review.
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