AFREXIMBANK POSTS $412.7M HALF-YEAR PROFIT AS ASSETS CLIMB TO $42.5BN

Afreximbank records $412.7m profit and 6% asset growth in H1 2025, underscoring resilience amid global inflation, currency swings, and tighter financing.

Afreximbank Africa trade finance 2025 financial results
Afreximbank
Afreximbank
The African Export-Import Bank Group (Afreximbank) has reported solid financial results for the first half of 2025, with total assets and contingent items rising to $42.5 billion, a 6 percent increase from $40.1 billion recorded at the end of 2024.

According to the Group’s consolidated financial statements for the six months ending June 30, 2025, Afreximbank delivered a net income of $412.7 million. This marked a modest improvement on the $407.7 million achieved in the corresponding period of 2024, despite a turbulent global backdrop of inflation, currency volatility, and tightening financial conditions.

Gross income for the period rose 2.04 percent to $1.59 billion, while net interest income climbed 1.17 percent to $835.9 million, supported by cost-efficient funding. Income from fees and commissions, including guarantees, letters of credit, and advisory services, reached $61.9 million.

The Bank maintained a cost-to-income ratio of 19 percent, well below its strategic ceiling of 30 percent, even as operating expenses rose 21 percent due to new strategic projects, expanded staffing, and inflationary pressures.

Afreximbank’s loan book stood at $27.7 billion, compared with $29 billion at the end of 2024, reflecting early repayments by some sovereign borrowers. The non-performing loan ratio remained low at 2.48 percent, while liquidity improved significantly, with cash and equivalents rising to $8.3 billion from $4.6 billion, boosting the liquidity ratio to 22 percent.

Shareholders’ funds increased slightly to $7.3 billion, supported by retained earnings and new equity inflows under the Bank’s ongoing General Capital Increase II. A dividend payout of $350 million was approved for the 2024 financial year at the Annual General Meeting in June.

The period also saw a leadership transition with Dr. George Elombi confirmed as the next President and Chairman of the Board, to succeed Professor Benedict Oramah in October 2025.

Senior Executive Vice President Denys Denya described the results as evidence of Afreximbank’s resilience, noting that the Bank remained committed to supporting member states and advancing Africa’s economic integration.

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