São Paulo, April 29, 2025 – Agibank, a bank that operates a hybrid business model combining digital solutions and smart hubs, received today a ratings upgrade from Moody’s, elevating its classification to ‘AA-.br’ with a stable outlook.
This announcement follows the delivery of record results by Agibank in 2024, as well as the second round of private investment in its history, which occurred at the end of December 2024, by Lumina Capital Management.
In its report, Moody’s highlighted that the upgrade “reflects the solid profitability demonstrated by the bank at a time when operations continue to expand, and the quality of the loan portfolio remains under control.” Additionally, it adds that “Agibank’s ratings could be elevated if its operations continue to expand and show greater diversification in terms of revenue sources and customer profiles, combined with the consistent and sustainable maintenance of the current metrics of loan portfolio quality, profitability, and capital.”
Last year, in April 2024, Agibank received a two-notch upgrade from Moody’s to ‘A+.br’, which remained in effect until the new review and already reflected the bank’s evolution up to that point.
“This is Agibank’s first institutional rating in the ‘double A’ range, and we see it as a significant recognition of the track record of growth and outstanding results that Agibank has built. The new rating will serve as another foundation to support our positioning of Agibank as one of the leaders in the secured credit segment, expanding our funding alternatives at more competitive costs and consolidating the perception of Agibank as a solid and resilient institution,” commented Marcello Dubeux, Chief Treasury and Investor Relations Officer at Agibank.
Agibank continues to consolidate its unique business model in Brazil, which combines profitability and sustainable growth. As a relationship bank focused on Secured Loans, with over 1,000 Smart Hubs operating throughout Brazil and more than 4.0 million active clients, the bank recorded over 50% growth in its loan portfolio over the past year, achieving a ROE of 46.4% in 2024, accompanied by improved delinquency levels, with the overdue portfolio over 90 days below 3.0%.
The complete report, as published by the rating agency, can be accessed here