Afreximbank records net income growth of 24% to US$813.5m; assets and contingencies exceed US$54.1bn

The African Export-Import Bank (Afreximbank) reported a 24% increase in its net income to US$813.5 million for the nine months ending September 30, 2026, up from US$654.3 million in the same period last year. This growth was fueled by increased lending activities, better interest income, and careful cost management, despite a tough global economic situation.

The bank's total assets and contingencies rose by 12% to US$54.1 billion, from US$48.5 billion in 2025. This progress was mainly due to more lending, net loans and advances expanding by 8% to US$36.2 billion, up from US$33.5 billion at year-end 2025. Interest income grew by 11% to US$2.4 billion, boosted by a 9.1% rise in average loan balances from US$28.9 billion to US$34.8 billion.

The bank's cost-to-income ratio improved to 20%, below its 30% ceiling, and returned on average shareholders' equity and assets both remained strong at 12% and 2.48%, respectively. The bank also maintained a solid asset quality with a non-performing loans ratio of 2.48%. Liquidity remained robust with liquid assets of US$6.1 billion, equaling 13% of total assets.

Capital adequacy stood at 22%, same as the previous year. New equity contributions totaling US$195.2 million increased shareholders' funds to US$9.0 billion. Afreximbank's Senior Executive Vice President, Denys Denya, emphasized the bank's role in supporting trade and economic development across Africa and the Caribbean. The bank's success was further highlighted by a US$1.5 billion bond issuance in July 2026, increasing debt securities to US$4.4 billion.

The bank also maintained its countercyclical role during geopolitical disruptions through its $10 billion Gulf Crisis Response Programme.