São Paulo, August 8, 2025 – Fitch Ratings announced today the upgrade of Agibank’s National Long-Term Rating from A+(bra) to AA-(bra), with a Positive Outlook. The National Rating Outlook was also revised from Stable to Positive. The decision reflects the strengthening of the institution’s unique hybrid business model, which combines the scalability of digital with the reach and efficiency of physical channels. The bank’s solid financial performance, ability to diversify revenue streams, and controlled risk profile also weighed in the assessment.
According to the agency, the upgrade was driven, among other factors, by the consistent increase in profitability – with a ROAE of 45.2% over the last 12 months – the significant growth of the credit portfolio (BRL 27 billion in 1Q25, up 52.4% YoY), the maintenance of controlled delinquency ratios, with 2.9% of loans over 90 days past due and a coverage ratio of 225.6%, as well as the increase in the bank’s core capital ratio, which remains above 13%.
Fitch also highlights as supporting factors for the rating Agibank’s 100% proprietary origination model, based on a network of more than 1,050 Smart Hubs strategically located across Brazil, and the bank’s high operational efficiency ratio of 38.6%, resulting from an asset-light, digitally assisted model.
“This upgrade is a clear recognition of the resilience of our business model and the consistency with which Agibank has delivered results even in challenging economic cycles. We remain focused on expanding our assets with quality and diversifying our funding sources, with efficiency and an attractive risk profile,” said Marcello Dubeux, CFO and Investor Relations Officer at Agibank.
The positive outlook assigned by Fitch reflects the agency’s assessment that Agibank maintains solid fundamentals in profitability, asset quality, capitalization, and funding diversification.