The parent companies of Zenith Bank Gambia Limited and Guaranty Trust Bank Gambia Limited have been rated top in Fitch's Viability Rating (VR) reflecting strong domestic franchises and resilient performance.
In a special report on Nigeria banking sector
published on 30 July, the rating agency said GTBank and Zenith in Nigeria were
at the top with VRs of 'b+'.
"The VRs of these banks reflect strong
domestic franchises and resilient performance through the cycle. The VRs also
take account of lower than average concentration risk for the sector and
acceptable levels of capitalization," the report says.
