According to a note on the Agusto & Co. website, “The rating reflects Fidelity Bank’s improved profitability, strong ability to refinance, adequate capitalisation and low level of impaired credits.”
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FCMB Group Plc is one of Nigeria’s leading financial institutions.
Mariam Dabiri, Senior Analyst, Financial Institutions Ratings, Agusto & Co, in a statement said the results from the index provided insights to improved customer experience.
FBNQuest Merchant Bank Limited has been assigned “A” rating by Agusto & Co.