ITMB strengthens market position with robust ratings, growth performance

Infinity Trust Mortgage Bank Plc (ITMB) has secured positive ratings from GCR Ratings, highlighting its solid financial health, consistent growth trajectory, and prudent risk management.

The rating agency assigned the bank a BBB+(NG) long-term rating, A2(NG) short-term rating, and an SQ2(NG) servicer quality rating, all with a stable outlook—signalling confidence in the bank’s resilience and overall stability.

According to the bank, the ratings coincide with notable improvements across key performance indicators. ITMB reported a total asset base of N44.7 billion, alongside a sharp increase in lending activities, with loans growing by 84.4 percent and deposits rising by 81.6 percent. The figures reflect growing customer trust and increased participation in its services.

The bank also disclosed a non-performing loan (NPL) ratio of 1.7 percent, underscoring its effective credit risk management and disciplined lending approach.

GCR Ratings noted that ITMB’s strong capital base, sound asset quality, and robust risk controls continue to underpin its performance, positioning it as a reliable player in Nigeria’s mortgage banking space.

Reacting to the development, the bank said the ratings reaffirm its commitment to maintaining financial discipline, driving sustainable growth, and expanding access to affordable housing finance.

It added that the recognition aligns with its broader strategy to deepen mortgage penetration, improve service delivery, and support more Nigerians in achieving home ownership.