Globus Bank Doubles PAT and Grows Total Assets by 64% in FY2025

Globus Bank Limited, a foremost national commercial bank in Nigeria, has released its audited financial statements for the full year ended 31 December 2025, reporting a Profit Before Tax (PBT) of ₦107.7 billion and a Profit After Tax (PAT) of ₦82.6 billion — more than double the prior year — alongside a 64% growth in total assets to ₦2.58 trillion. The results, audited by PricewaterhouseCoopers Nigeria, reflect a bank that has scaled significantly across income, balance sheet, and capital metrics, while maintaining the regulatory ratios and asset quality standards of a world-class institution.

Commenting on the performance, Managing Director/CEO Elias Igbinakenzua stated: “In six years, we have built a bank that now posts a Profit Before Tax of ₦107.7 billion and a Profit After Tax of ₦82.6 billion, more than double our 2024 performance, with total assets of ₦2.58 trillion. We also successfully completed our recapitalisation programme, receiving the CBN’s formal No-Objection ahead of the March 2026 regulatory deadline and confirming Globus Bank as a fully capitalised national commercial bank. This milestone reflects the confidence our shareholders and investors placed in this institution. Our 2025 results are the clearest proof yet that the foundations we have been building are solid and that the business is performing at a level consistent with our ambitions. The quality of our capital, the strength of our liquidity, and the growth of our customer franchise give us genuine confidence as we continue to execute through 2026.”

Total interest income grew by 105% to ₦291.6 billion from ₦141.9 billion in 2024, supported by strong asset yields, increased volumes of interest-earning assets, and disciplined loan pricing. Net interest income expanded by 73% to ₦109.7 billion, reflecting the Bank’s ability to sustain a healthy spread between asset yields and funding costs, even as interest expense rose to ₦181.9 billion in line with the broader market rate environment. Non-interest income also strengthened, with net fees and commission income climbing to ₦19.9 billion from ₦12.0 billion, and net gains on financial instruments rising to ₦59.2 billion from ₦16.9 billion.

Profit Before Tax of ₦107.7 billion translated to a Profit After Tax of ₦82.6 billion, more than doubling the ₦40.4 billion recorded in 2024.

Total assets expanded by 64% to ₦2.58 trillion at year-end, from ₦1.57 trillion in 2024. Loans and advances to customers grew to ₦686.8 billion from ₦518.9 billion, underpinned by deepening activity across commercial, trade finance, and retail credit. Notably, the Bank recorded zero non-performing loans during the period, a testament to the quality and discipline of its credit underwriting process.

Return on Average Equity (ROAE) stood at 39% and Return on Average Assets (ROAA) at 4.0%, both materially above prior year levels of 23.0% and 2.6% respectively, reflecting the significant improvement in returns relative to the Bank’s growing capital and asset base. The Bank’s Capital Adequacy Ratio (CAR) came in at 23.70%, well above the regulatory minimum of 10%, supported by a total regulatory capital base of ₦255.2 billion against risk-weighted assets of ₦1.08 trillion. The Liquidity Ratio at year-end was 87%, comfortably above the CBN’s 30% regulatory floor, underscoring the strength and resilience of the Bank’s liquidity position.

Globus Bank currently operates about 50 branches across Nigeria, with plans to open at least ten additional branches before the close of 2026. The Bank has also received back-to-back credit rating upgrades from GCR and Augusto & Co, with Augusto & Co currently rating the Bank at the ‘A’ level — a reflection of its strengthened capital position, improved financial performance, and growing institutional credibility.

Reflecting on the outlook, the MD/CEO added: “We are now several months into 2026, and the momentum from last year is holding. Our corporate banking pipeline is active, our trade finance volumes are growing, and our retail franchise continues to deepen. We are a bank that has earned its seat at the table, and we intend to keep growing from that position — methodically, profitably, and in a way that delivers lasting value to our shareholders, our customers, and the broader Nigerian economy.”