• Thursday, April 18, 2024
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Globus Bank expands, opens five new branches

Globus Bank expands, opens five new branches

In a drive to meet its expansion plans, Globus Bank, a commercial bank in Nigeria, has established five new branches in three geopolitical zones in the country.

In a statement on Friday, the bank said it opened branches for full operations in Owerri, Awka, Onitsha, (South East); Yaba (Lagos, South West) and Maiduguri (North East) between January 15 and January 19, 2024.

It said the expansion is in line with the unwavering commitment of the bank to ensure quick, safe and convenient banking services are accessible to all Nigerians.

The bank currently has 33 operational branches, with its corporate head office located at 6, Adeyemo Alakija Street, Victoria Island, Lagos.

“It is a significant addition to the growing branch network and reinforces the bank’s dedication to serving every nook and cranny of the federation,” the statement said.

“Globus Bank recently received an improved credit rating. Agusto & Co., one of the foremost rating agencies, upgraded the investment grade issuer rating of Globus Bank from Bbb+ to A- with a stable outlook,” it added.

The bank also said GCR ratings affirmed its issuer National Scale rating of BBB-(NG) and A3(NG) in Long and Short Term with a stable outlook.

“The improved credit rating is a testament to the bank’s strong financial profile, evidence of good liquidity and rapid capitalisation.”