{
  "id": 16613463,
  "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-16613463",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-26T13:27:50.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "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) recorded a notable financial performance for the nine months ended September 30, 2026, with a 24% increase in net income to US$813.5 million. This growth was driven by higher lending activities, improved interest income, and effective cost management, despite a challenging global environment. The bank's total assets and contingencies expanded by 12% to US$54.1 billion, up from US$48.5 billion in the previous year. Net loans and advances rose by 8% to US$36.2 billion, while gross income increased by 11% to US$2.7 billion. The bank's profitability was bolstered by a 9.1% rise in interest income to US$2.4 billion, supported by a 23% increase in high-impact investments to US$1.6 billion. The cost-to-income ratio improved to 20%, while return on average shareholders' equity (ROAE) and return on average assets (ROAA) remained robust at 12% and 2.48%, respectively. The bank maintained a strong asset quality with a non-performing loans ratio of 2.48%. The bank's liquidity position remained solid, with liquid assets amounting to US$6.1 billion, representing 13% of total assets. Afreximbank's capital adequacy ratio stood at 22%, reflecting a resilient balance sheet. The bank successfully completed a US$1.5 billion dual-tranche bond issuance in July 2026, further diversifying its funding base. The bank's countercyclical role was evident through its US$10 billion Gulf Crisis Response Programme, providing liquidity support and facilitating trade. Commenting on the results, Denys Denya, Afreximbank's Senior Executive Vice President, emphasized the bank's commitment to delivering strong performance while fulfilling its development mandate across Africa and the Caribbean.",
  "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."
}