African Export-Import Bank (Afreximbank) and its subsidiaries delivered a strong financial performance for the six months ended June 30, 2026, underscoring the resilience of its business model and continued support towards trade and economic development activities across Africa and the Caribbean.
The Group’s total assets and contingencies increased by 7.8% to US$52.3 billion, up from US$48.5 billion at December 31, 2025. This growth was primarily driven by expansion in the Bank’s lending activities, with net loans and advances increasing by 5.7% to US$35.4 billion, compared with US$33.5 billion at the end of 2025.
Afreximbank maintained sound asset quality, with the non-performing loan (NPL) ratio of 2.20% at the end of the first half of 2026 compared to 2.43% at year-end 2025, reflecting prudent risk management.
The Group also maintained a sound liquidity position, with liquid assets accounting for 13% of total assets, comfortably within its strategic target range of 10% to 15%.
Shareholders’ funds increased to US$8.5 billion from US$8.4 billion at the end of 2025, supported by US$534.7 million in internally generated profits, and US$13.9 million in new equity raised during the period.
The Group recorded a significant increase in earnings, with net interest income rising by 22% to US$1.0 billion, compared with US$0.84 billion during the corresponding period in 2025. In addition, fee and commission income increased by 15% to US$71.1 million, up from US$61.9 million in H1’2025, supported by higher fees earned from guarantees, letters of credit and advisory services.
As a result, net income reached US$534.7 million, representing a 30% increase from US$412.7 million recorded in the first half of 2025.
Profitability indicators showed further improvement, with return on average shareholders’…
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