GCR Upgrades Jaiz Bank to BBB (NG), Citing Stronger Financial Profile
The improved rating reflects Jaiz Bank’s consistent financial performance, robust risk management practices, and progress in building a stronger balance sheet and profitability.
Jaiz Bank Plc, Nigeria’s pioneer non-interest bank, has received an upgrade from GCR Ratings, which raised its national scale long-term issuer rating from BBB-(NG) to BBB (NG). The outlook has also been revised from positive to stable, highlighting the Bank’s strengthening financial profile.
The improved rating reflects Jaiz Bank’s consistent financial performance, robust risk management practices, and progress in building a stronger balance sheet and profitability. It further affirms the Bank’s role in promoting ethical, Shariah-compliant banking while deepening financial inclusion across Nigeria.
With this milestone, Jaiz Bank consolidates its leadership position in the non-interest banking sector and demonstrates its continued commitment to creating sustainable value for stakeholders and contributing to Nigeria’s broader economic growth.
