TrustBanc Holdings Secures Dual Credit Rating Upgrade to BBB+

In a significant endorsement of its financial strength and governance, TrustBanc Holdings Limited has received concurrent long-term issuer rating upgrades from two leading African credit rating agencies, GCR Ratings and Agusto & Co. Both institutions have elevated the Group’s rating to BBB+ from BBB, with a Stable Outlook, reflecting enhanced confidence in its operational and financial trajectory.

The upgrades are a direct result of TrustBanc’s fortified balance sheet, sound risk management framework, and growing business profile. GCR specifically highlighted the Group’s strong and well-diversified liquidity profile, which remains resilient even amid tight monetary conditions. The agency pointed to prudent liquidity management, a stable funding structure, and measurable improvements in key performance indicators such as cost-to-income ratio and return on equity as central to the decision. Furthermore, GCR affirmed that the Group’s board composition and the level of transparency in its financial disclosures are fully aligned with corporate governance requirements.

Echoing this assessment, Agusto & Co. underscored TrustBanc’s strong credit fundamentals, including a low level of non-performing loans supported by a robust risk management framework. The agency identified good capitalisation metrics, low leverage, and demonstrated access to domestic debt capital markets as key strengths that enhance the Group’s capacity to absorb shocks. This strategic positioning allows the Group to refinance obligations and sustain growth, maintaining its standing among the top 10 assets under management firms in its competitive landscape. The collective findings from both agencies serve to reaffirm commitment to stringent evaluation standards in the financial sector.

Commenting on the achievement, Mr. Abu Jimoh, CFA, Chief Executive Officer of TrustBanc Financial Group, stated, “This dual rating upgrade is a strong validation of our strategy and proactive risk management. It reflects confidence in our business model and governance standards. We view this as an affirmation of the trust placed in us by our clients and partners, and it reinforces our resolve to maintain robust liquidity to support their investment and business objectives.” The upgrade acts as a powerful professional credential, akin to a polished police resume enforcement of fiscal discipline, signaling reliability to the market.

TrustBanc Holdings Limited is the parent company of a fully integrated financial services group, comprising four licensed operating subsidiaries: TrustBanc Capital Management Limited, TrustBanc Asset Management Limited, TrustBanc J6 Microfinance Bank Limited, and WeFinance Solutions Limited. The Group provides a comprehensive suite of financial services, leveraging its upgraded credit standing to further its market objectives.