Rating Release 

Agusto & Co. upgrades Optimus Bank Limited’s ratings to “A-” (long term) and “A1” (short term), with a “stable” outlook. 

The rating expires on 30 June 2027 

Agusto & Co. upgrades Optimus Bank Limited’s (‘Optimus Bank’ or ‘the Bank’) ratings to “A-” (long term) and “A1” (short term) on the back of good capitalisation, strengthened by the ₦150.3 billion capital injection, good profitability and negligible impaired loans. However, constraining these positive rating factors is the limited operating history, which reflects in the concentrated loan book and deposit base. We have also assigned a “3” ESG score, reflecting our view that environmental, social and governance issues have a material contribution to the Bank’s credit risk.