{
  "id": 16607392,
  "title": "Afreximbank records net income growth of 24% to US$813.5m; assets and contingencies exceed US$54.1bn",
  "url": "https://urgent.news/2026/10/26/afreximbank-records-net-income-growth-of-24-to-us-813-5m-assets-and",
  "topic": "world",
  "section": "World",
  "published": "2026-10-26T13:27:50.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/afreximbank-records-net-income-growth-of-24-to-us813-5m-assets-and-contingencies-exceed-us54-1bn/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Commenting on the results, Denys Denya, Afreximbank's Senior Executive Vice President, said, “This performance underscores Afreximbank’s ability to deliver strong and sustainable performance while continuing to fulfil its development mandate across Africa and the Caribbean. Our expanded lending portfolio, robust profitability and strong capital position demonstrate the effectiveness of our…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}