{
  "id": 6186675,
  "title": "PremiumTrust Bank Receives Dual Credit Rating Upgrades from Agusto & Co., DataPro.",
  "url": "https://urgent.news/2026/09/07/premiumtrust-bank-receives-dual-credit-rating-upgrades-from-agusto-co-6186675",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T23:10:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/08/premiumtrust-bank-receives-dual-credit-rating-upgrades-from-agusto-co-datapro/"
  },
  "original_language": "en",
  "account": "PremiumTrust Bank, a leading financial institution in Nigeria, has recently been awarded dual credit rating upgrades by two prominent rating agencies, Agusto & Co. and DataPro Limited. The upgrades reflect the bank's strong financial position, effective risk management, and steady growth.\n\nAgusto & Co. raised the Bank's long-term credit rating from BBB+ to A- and its short-term rating from A2 to A1. Meanwhile, DataPro upgraded the bank's long-term rating from A- to A, with its short-term rating remaining at A1. Achieving an 'A' rating signifies a low credit risk profile and the ability to meet financial commitments as they become due, while an A1 rating denotes the highest capacity for timely settlement of short-term financial obligations. Collectively, these upgrades represent further improvements in the Bank's creditworthiness since its last evaluation.\n\nThe credit rating agencies cited several key factors contributing to this positive assessment. PremiumTrust Bank has demonstrated robust capitalization, with its capital adequacy ratio increasing from 20.8% to 40.8%. This higher ratio indicates a stronger capital base relative to its risk-weighted assets. Additionally, the bank's liquidity ratio stands impressively at 71.1%, ensuring its capacity to meet short-term obligations, and its net interest margin is at 83.3%, highlighting its profitability in the current interest rate environment.\n\nAsset quality remains excellent, with a non-performing loan (NPL) ratio of just 0.2%, indicating minimal exposure to non-performing assets. The cost of funds for the Bank is a competitive 3.2%, reflecting efficient funding strategies. Moreover, the bank's cost efficiency is underscored by a cost-to-income ratio of 23.2%, signifying effective operational management.\n\nAgusto & Co. also noted that PremiumTrust Bank's pre-tax return on equity is the highest in the Nigerian banking industry at 84.6%, underscoring the Bank's ability to generate substantial profits from its shareholders' investments. These factors collectively highlight the bank's strong underlying performance. In FY2025, PremiumTrust Bank reported a pre-tax profit of N177.1 billion and total assets worth N1.7 trillion, reflecting its solid financial health.\n\nCommenting on the upgrades, the Bank's Managing Director and Chief Executive Officer, Mr. Emmanuel Efe Emefienim, emphasized that these ratings validate the fundamentals the Bank has established since its inception. He stated that the Bank has always been focused on building an institution with financial strength, resilience, and operational discipline to compete effectively in the Nigerian banking industry. Moving forward, the Bank aims to leverage this momentum to achieve sustained growth. This includes strengthening its balance sheet, expanding its physical and digital footprint, and investing in the necessary capacity to better serve its customers and support businesses and communities across various markets.",
  "summary": "Oluchi Chibuzor PremiumTrust Bank has received dual credit rating upgrades from two of Nigeria’s leading rating agencies, Agusto & Co. and DataPro Limited, underscoring the Bank’s financial strength, sound risk management",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nairametrics",
        "title": "PremiumTrust Bank receives Dual Credit Rating Upgrades from Agusto & Co. and DataPro.",
        "url": "https://urgent.news/2026/09/07/premiumtrust-bank-receives-dual-credit-rating-upgrades-from-agusto-co",
        "published": "2026-09-07T10:57:36.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}