The African Export-Import Bank (Afreximbank) has recorded a 30 per cent increase in net income to $534.7 million in the first half of the year ended June 30, 2026
Afreximbank disclosed this in a statement issued by its Communications and Events Manager, Vincent Musumba, on Wednesday, August 26, 2026.
Musumba said the performance reflected the resilience of the bank’s business model and its continued support for trade and economic development across Africa and the Caribbean.
Musumba disclosed that the bank’s total assets and contingencies rose by 7.8 per cent to $52.3 billion from $48.5 billion as of December 31, 2025.
He noted that the growth was driven largely by increased lending, with net loans and advances rising by 5.7 per cent to $35.4 billion, compared with $33.5 billion at the end of 2025.
He said Afreximbank’s asset quality remained sound, with its non-performing loan (NPL) ratio improving to 2.20 per cent at the first half of 2026, from 2.43 per cent at year-end 2025.
Musumba said Afreximbank also maintained a sound liquidity position, with liquid assets accounting for 13 per cent of total assets, within its strategic target range of between 10 per cent and 15 per cent.
According to him, Afreximbank shareholders’ funds increased to $8.5 billion from $8.4 billion recorded at the end of 2025.
He noted that the increase was supported by $534.7 million in internally generated profits and $13.9 million in new equity raised during the period.
The bank’s net interest income increased by 22 per cent to $1.0 billion, while fee and commission income also increased by 15 per cent to $71.1 million from $61.9 million recorded in the first half of 2025.
Afreximbank attributed the increase to higher fees earned from guarantees, letters of credit, and advisory services.
“As a result net income reached $534.7 million, representing a 30 per cent increase from $412.7 million recorded in the first half of 2025,” the bank said.
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The bank added that profitability indicators also improved, with return on average shareholders’ equity rising to 13 per cent from 11 per cent in the first half of 2025.
It said operational efficiency remained strong, with the cost-to-income ratio at 20 per cent, compared with 19 per cent in the first half of 2025, in spite of higher personnel expenses and persistent inflationary pressures.
Afreximbank’s Senior Executive Vice-President, Denys Denya, said the financial performance reflected the continued resilience of the company amid a complex global environment.
“Our healthy balance sheet gives us the capacity to respond when markets are disrupted, while continuing to finance the trade, industrialisation and investment that underpin longer-term economic resilience,” Denya said.
Denya said the expansion of lending, strength of asset quality and continued access to diversified funding enabled the bank to remain responsive to immediate challenges.
He added that the strengths would also support the structural transformation of African and Caribbean economies.
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