PRUDENTIAL STANDARDS, GUIDELINES AND RATING SYSTEM – Development Finance Institutional Rating
The Bank was rated under the Prudential Standards, Guidelines and Rating System (PSGRS) revised rating framework which commenced in 20220. The framework falls under the purview of African Association of Development Finance Institutions (AADFI) and requires independent validation of the rating by an external auditor. The rating scale evaluates three critical areas: governance, financial and operational standards. Below is a summary of the Bank’s ratings over the last 5 years (FY2017 to FY2021).
|
PSGRS Standard |
FY: 2021 |
FY: 2020 |
FY: 2019 |
FY: 2018 |
FY: 2017 |
|
Governance |
35% |
43% |
39% |
43% |
36% |
|
Financial |
20% |
29% |
33% |
28% |
27% |
|
Operational |
27% |
16% |
19% |
17% |
19% |
|
Overall Score |
82% |
88% |
91% |
88% |
82% |
|
PSGRS Rating |
B+ |
B+[1] |
A+ |
A+ |
A |