African Export-Import Bank (Afreximbank) and its subsidiaries (the Group) has delivered a strong financial performance for the six months ended 30 June 2026, underscoring the resilience of its business model and continued support towards trade and economic development activities across Africa and the Caribbean.

The Group’s total assets and contingencies increased by 7.8 per cent to $52.3 billion, up from $48.5 billion at 31 December 2025. This growth was primarily driven by expansion in the Bank’s lending activities, with net loans and advances increasing by 5.7% to $35.4 billion, compared with $33.5 billion at the end of 2025.

Afreximbank maintained sound asset quality, with the non-performing loan (NPL) ratio of 2.20 per cent at the end of the first half of 2026 compared to 2.43 per cent at year-end 2025, reflecting prudent risk management.
The Group also maintained a sound liquidity position, with liquid assets accounting for 13% of total assets, comfortably within its strategic target range of 10% to 15%.

Shareholders’ 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 equity raised during the period.

The Group recorded a significant increase in earnings, with net interest income rising by 22 per cent to $1.0 billion, compared with $0.84 billion during the corresponding period in 2025. In addition, fee and commission income increased by 15 per cent to $71.1 million, up from $61.9 million in H1’2025, supported by 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.

Profitability indicators showed further improvement, with return on average shareholders’ equity rising to 13 per cent, compared with 11 per cent in H1’2025, while return on average assets increased to 2.54 per cent from 2.22 per cent over the same period.
Operational efficiency remained strong, with the cost-to-income ratio at a healthy level of 20 per cent compared to 19 per cent for H1’2025, despite higher personnel expenses and persistent inflationary pressures.

Further strengthening its funding profile, Afreximbank successfully completed a $1.5 billion dual-tranche bond issuance after the reporting period. The transaction, the largest international debt capital markets issuance in the Bank’s history, comprised a $750 million 5.5-year tranche and a US$750 million 10-year tranche. The offering was approximately two times oversubscribed, highlighting strong investor confidence and reinforcing the Bank’s capacity to support its strategic growth objectives.

Afreximbank’s Senior Executive Vice President, Denys Denya said: “Our financial performance and strong position reflect the continued resilience of the Group at a time when our member countries are navigating a particularly 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.

” The expansion of our lending, the strength of our asset quality and our continued access to diversified funding enable us to remain responsive to immediate challenges while supporting the structural transformation of African and Caribbean economies ” he said.
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade.

For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A strong supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA.