According to a statement from TrustBanc Holdings Limited, the extra N1.5 billion capital injection into TrustBanc Microfinance Bank Limited has been approved by the company’s shareholders.

Additionally, it stated that DataPro had raised its rating from A to A+ with a stable outlook. The Long-Term Rating of A+ signifies Low Risk, per the rating statement.

It said in a statement that the clearance was a result of the group’s solid financial standing, outstanding operational efficiency, and expanding market appeal.

The clearance, it continued, intends to allow its expansion into additional retail lending segments and further solidify its position as a top lender in the public sector.

Thisdaylive