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By Aduragbemi Omiyale
An ESG rating of two has been assigned to Constancy Financial institution Plc by a neighborhood respected ranking company, Agusto & Co, after affirming that environmental, social and governance (ESG) points have minimal contribution to the financial institution’s credit standing.
In an announcement, the pan-African credit standing firm additionally affirmed Constancy Financial institution’s ‘A’ ranking with a secure outlook.
It defined that the ranking was affirmed due to the lender’s “improved profitability, robust capacity to refinance, satisfactory capitalisation and low degree of impaired credit.”
Constancy Financial institution is a full-fledged business financial institution working in Nigeria with over 7.5 million prospects serviced throughout its 250 enterprise workplaces and digital banking channels.
The financial institution was acknowledged because the Finest Cost Options Supplier, Nigeria, 2023 and Finest SME Financial institution, Nigeria, 2022 by the World Banking and Finance Awards.
It had beforehand additionally gained awards for the Quickest Rising Financial institution and MSME & Entrepreneurship Financing Financial institution of the Yr on the 2021 BusinessDay Banks and Different Monetary Establishments (BAFI) Awards.
The tier-2 monetary establishment has not hidden its intention to play within the tier-1 territory and rub shoulders with the massive boys like Zenith Financial institution, Entry Financial institution, GTBank, UBA, and First Financial institution, collectively christened ZAGUF by Enterprise Put up.
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