Agusto & Co. hereby assigns a “Bbb” rating to Infinity Microfinance Bank Limited

Rating Release
Agusto & Co. hereby assigns a “Bbb” rating to Infinity Microfinance Bank Limited (“Infinity MFB” or “the MFB”). Infinity MFB’s rating is supported by a good funding and liquidity profile, adequate capitalisation, an experienced management team and established credit risk management processes. The MFB’s rating is, however, constrained by a rising ratio of non-performing loans (NPLs), low profitability ratios and concentration in the funding base. The impact of the COVID-19 pandemic on the Nigerian economy and microfinance industry has also been taken into consideration.

Infinity MFB is licensed to operate as a state microfinance bank in Lagos State by the Central Bank of Nigeria (CBN.) The MFB provides microfinance banking services including deposits and short-term loans to Micro, Small and Medium-Sized Enterprises (MSMEs).



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Agusto & Co. has assigns a “Bbb” rating to Infinity Microfinance Bank Limited in their recent assessment of the Bank. According to the Pan-African Credit Rating Agency, the rating is supported by a good funding and liquidity profile, adequate capitalization, an experienced Management Team and well-established credit risk management processes. While DataPro another Credit Rating Agency (CRA) has also in its latest report assigns “BBB” rating to Infinity MFB Limited with a Stable Outlook for the year 2021/2022.