The African Export-Import Bank (Afreximbank) recorded a 30 per cent increase in net income to $534.7 million in the first half of 2026, reflecting the bank’s continued financial resilience and support for trade and economic development across Africa and the Caribbean.
Afreximbank disclosed this in a statement issued by its Communications and Events Manager, Vincent Musumba, on Wednesday, August 26, 2026.
According to Musumba, the bank’s total assets and contingencies rose by 7.8 per cent to $52.3 billion as of June 30, 2026, from $48.5 billion recorded at the end of 2025.
He said the growth was largely driven by increased lending, with net loans and advances rising by 5.7 per cent to $35.4 billion from $33.5 billion at the end of 2025.
The bank’s asset quality also improved during the period, as its non-performing loan (NPL) ratio fell to 2.20 per cent from 2.43 per cent at year-end 2025.
Afreximbank maintained a sound liquidity position, with liquid assets accounting for 13 per cent of total assets, within its strategic target range of 10 per cent to 15 per cent.
Shareholders’ funds increased to $8.5 billion from $8.4 billion at the end of 2025. The increase was supported by $534.7 million in internally generated profits and $13.9 million in new equity raised during the period.
Net interest income rose by 22 per cent to $1.0 billion, while fee and commission income increased by 15 per cent to $71.1 million, compared with $61.9 million in the first half of 2025.
Afreximbank attributed the increase in fee and commission income to higher earnings from guarantees, letters of credit and advisory services.
Overall, net income climbed to $534.7 million, up from $412.7 million recorded in the corresponding period of 2025.
The bank’s profitability indicators also strengthened, with return on average shareholders’ equity rising to 13 per cent from 11 per cent in the first half of 2025.
Operational efficiency remained strong, although the cost-to-income ratio edged up to 20 per cent from 19 per cent, amid higher personnel expenses and persistent inflationary pressures.
Afreximbank’s Senior Executive Vice-President, Denys Denya, said the financial results demonstrated the resilience of the bank’s business model despite a complex global economic environment.
Denya said the bank’s healthy balance sheet would enable it to respond to market disruptions while continuing to finance trade, industrialisation and investment across Africa and the Caribbean.
He added that the expansion of lending, strong asset quality and continued access to diversified funding would help Afreximbank address immediate economic challenges while supporting the long-term structural transformation of African and Caribbean economies.
