The African Export-Import Bank (Afreximbank) has revealed that the Bank’s total assets and contingencies increased by 7.8 percent in the first half (H1) of 2026.
Afreximbank revealed that the Group and its subsidiaries delivered strong financial performance for the six-month period ended June 30, 2026, underscoring the resilience of its business model and continued support for trade and economic development activities in Africa and the Caribbean.
According to information published on the Afreximbank website, “The Group’s total assets and contingencies increased by 7.8 percent to $52.3 billion, up from $48.5 billion as at December 31, 2025. This growth was mainly due to the expansion of the Bank’s lending activities, with net loans and advances increasing by 5.7 percent to $35.4 billion, compared with 33.5 billion dollars at the end of 2025.
“Afreximbank maintained strong asset quality, with a non-performing loan (NPL) ratio of 2.20 percent at the end of H1 2026, compared to 2.43 percent at the end of 2025, reflecting prudent risk management.
“The Group also maintained a strong liquidity position, with liquid assets representing 13 per cent of total assets, comfortably within its strategic target range of 10 per cent to 15 per cent.”
According to Afreximbank, “shareholder funds increased to $8.5 billion from $8.4 billion at the end of 2025, supported by $534.7 million in internally generated profits and $13.9 million in new capital raised during the period.
“The Group recorded a significant increase in profits, with net interest income increasing by 22 percent to $1 billion, compared to $840 million during the corresponding period in 2025. Additionally, fee and commission income increased 15 percent to $71.1 million, up from $61.9 million in the first half of 2025, supported by higher commissions earned by guarantees, letters of credit and advisory services.
“As a result, net income reached $534.7 million, representing an increase of 30 percent from the $412.7 million recorded in the first half of 2025.
“Profitability indicators showed further improvement, with return on average shareholders’ equity increasing to 13 percent, compared to 11 percent in the first half of 2025, while return on average assets increased to 2.54 percent from 2.22 percent during the same period.
“Operational efficiency remained strong, with the cost-to-income ratio at a healthy level of 20 percent compared to 19 percent for the first half of 2025, despite higher personnel expenses and persistent inflationary pressures.”
The Group stated that, “Strengthening its financing profile, Afreximbank successfully completed a US$1.5 billion double-tranche bond issuance following the reporting period. The transaction, the largest international debt capital markets issuance in the Bank’s history, comprised a US$750 million 5.5-year tranche and a US$750 million 10-year tranche.
“The offering was approximately two-fold oversubscribed, underscoring strong investor confidence and reinforcing the Bank’s ability to support its strategic growth objectives.”
Denys Denya, Senior Executive Vice President of Afreximbank, also commented: “Our financial performance and strong position reflect the Group’s continued resilience at a time when our member countries are navigating a particularly complex global environment.
“Our healthy balance sheet gives us the ability to respond when markets are disrupted, while continuing to finance the trade, industrialization and investment that underpins longer-term economic resilience.
“The expansion of our loans, the strength of our asset quality and our continued access to diversified financing allow us to continue to respond to immediate challenges while supporting the structural transformation of the African and Caribbean economies,” said the vice president.
The African Export-Import Bank (Afreximbank) is a pan-African multilateral financial institution charged with financing and promoting intra- and extra-African trade.
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