Global Credits Rating Agency, Fitch Ratings has re-affirmed the AAA(nga)’ ratings of Stanbic IBTC Holdings Plc, confirming the financial institutions’ strong fundamentals and stability.
The Commercial Bank was given a similar rating in 2015 after a thorough examination of its credit process and financial results.
Stanbic’s diversified loan portfolio was reviewed with its impact on various sectors of the economy taken into account. Among economic sectors impacted by the bank were agriculture, construction, real estate and infrastructure; electricity and other utilities; consumer credit; manufacturing; oil and gas and general commerce. Others were downstream oil and gas, transportation and communication, among others.
In its report, the rating agency also reviewed the capital adequacy of Stanbic IBTC in compliance with regulations and concluded that it was adequately capitalised with capital adequacy ratio above the regulatory requirement.
NEW POST: Fitch Reaffirms Stanbic IBTC’s Triple A With Strong Fundamentals https://t.co/jvdOvEh22R https://t.co/4fOxExhzYy
Fitch Reaffirms Stanbic IBTC’s Triple A With Strong Fundamentals https://t.co/VKHwcN9Fsi https://t.co/xfUq7jse6U