Rating Release

Agusto & Co. upgrades Globus 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 Globus Bank Limited’s (“Globus Bank” or “the Bank”) ratings to “A+” (long term) and “A1” (short term) on the back of improved capitalisation, nil impaired loans, good profitability and strong liquidity. Notwithstanding these positive factors, the ratings are constrained by concentration in the loan book and the deposit base. A “3” ESG score has also been attached to the ratings, reflecting our view that environmental, social and governance issues are material to the Bank’s credit risk profile.