The African Export-Import Bank (Afreximbank) and its subsidiaries recorded a 30 percent increase in net income to $534.7 million in the first half of 2026.
The bank disclosed this in a statement issued by Vincent Musumba, Communications and Events Manager, Afreximbank, on Wednesday, on its financial results for the six months ended June 30, 2026.
According to the statement, the performance reflected the resilience of the Group’s business model and its continued support for trade and economic development across Africa and the Caribbean.
Total assets and contingencies rose by 7.8 per cent to $52.3 billion from $48.5 billion as of December 31, 2025.
The growth was driven largely by increased lending, with net loans and advances rising by 5.7 percent to $35.4 billion from $33.5 billion at the end of 2025.
The bank’s asset quality also improved, with its non-performing loan ratio falling to 2.20 percent in the first half of 2026, from 2.43 percent at the end of 2025.
Net interest income increased by 22 percent to $1 billion, compared with $840 million in the corresponding period of 2025, while fee and commission income rose by 15 percent to $71.1 million.
The bank attributed the increase in fees to higher income from guarantees, letters of credit and advisory services.
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.
Profitability indicators also improved, with return on average shareholders’ equity rising to 13 percent from 11 percent, while return on average assets increased to 2.54 percent from 2.22 percent.
Afreximbank said it further strengthened its funding profile after the reporting period through a $1.5 billion dual-tranche bond issuance, comprising $750 million each in 5.5-year and 10-year tranches.
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The issuance was approximately two times oversubscribed, which the bank said demonstrated strong investor confidence.
The bank’s Senior Executive Vice-President, Denys Denya, said the results reflected the Group’s resilience 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,” he said.
Denya added that the expansion of lending, strong asset quality and diversified funding would enable the bank to respond to immediate challenges while supporting the structural transformation of African and Caribbean economies.
