Infinity microfinance bank’s A- rating highlights industry growth, trust

By Esther Agbo

Infinity Microfinance Bank Nigeria Limited has received a significant boost in its long-term rating, moving up to an A- from BBB+, according to DataPro, a Nigerian consulting firm. This upgrade, accompanied by a stable outlook, reflects the bank’s strong financial health and operational success in a competitive industry.

In a recent statement released, the bank emphasised that this rating acknowledges its solid financial foundation and effective governance. DataPro’s assessment involved a detailed review of industry trends, market dynamics, and the bank’s performance based on its audited and management accounts.

The A- rating is seen as a marker of the bank’s robust capitalisation, earnings strength, liquidity, and commitment to regulatory compliance. This improvement underscores the bank’s ability to sustain its growth trajectory while maintaining trust within the microfinance sector.

The Managing Director of Infinity Microfinance Bank, Gabriel Adewunmi, expressed pride in the achievement, stating, “Our improved rating from the previous BBB to A- is supported by the bank’s perfect liquidity position, good profitability, steady growth, strong ability to meet our obligations and good asset quality being accomplished by a competent management team and a well-focused board over the years.”

Founded in 2005 as Infinity Community Savings, the bank’s evolution into a key player in microfinance has been notable. Its roots in grassroots entrepreneurship and community engagement have laid a foundation for its ongoing success. The bank received a state licence from the Central Bank of Nigeria in 2013 and transitioned to a microfinance bank in 2007, positioning it to support small businesses and enhance financial inclusion.