ITMB secures strong GCR ratings amid asset, deposit growth surge

Infinity Trust Mortgage Bank Plc (ITMB) has received strong ratings from GCR Ratings, reflecting its solid financial position, sustained growth performance, and disciplined risk management amid rising balance sheet strength.

The rating agency assigned the bank a BBB+(NG) long-term rating, A2(NG) short-term rating, and SQ2(NG) servicer quality rating, with a stable outlook, underscoring confidence in the institution’s operational resilience and financial stability.

According to the bank, the latest ratings come alongside significant improvements in key performance indicators, including a total asset base of N44.7 billion, loan growth of 84.4%, and deposit growth of 81.6%, reflecting strong customer confidence and expanding market activity.

The bank in a statement also reported a non-performing loan (NPL) ratio of 1.7%, a figure it says demonstrates its strong credit risk management framework and prudent lending practices.

GCR Ratings noted that the institution’s capital strength, asset quality, and risk controls remain key drivers of its performance, positioning it as a stable financial services provider within Nigeria’s mortgage banking sector.

Commenting on the development, ITMB said the ratings reaffirm its commitment to financial discipline, sustainable growth, and improved access to affordable housing finance in Nigeria.

The bank added that the recognition also reflects its strategic focus on expanding mortgage penetration, enhancing service delivery, and supporting more Nigerians on their path to home ownership.