Afreximbank Reports 30% Profit Increase to $535 Million

The African Export-Import Bank (Afreximbank) announced a net income of $534.7 million for the first half of 2026, marking a 30% increase from $412.7 million in the same period of 2025. This growth was attributed to higher net interest income, which rose 22% to $1.0 billion, and a 15% increase in fee and commission income to $71.1 million.

The bank's total assets grew by 7.8% to $52.3 billion, with net loans and advances increasing by 5.7% to $35.4 billion. Afreximbank maintained a non-performing loan (NPL) ratio of 2.20%, improving from 2.43% at the end of 2025.

Denys Denya, Afreximbank’s Senior Executive Vice President, stated that the results reflect the resilience of the Group amid a complex global environment. The bank's cost-to-income ratio was 20%, slightly up from 19% the previous year.

These results follow a strong financial year in 2025, where the bank reported a profit of $1.15 billion.