Afreximbank Reports 25% Net Income Rise in Q1 2026

Afreximbank announced a 25% rise in net income for the first quarter of 2026, totaling $268.9 million, compared to $215.4 million in the same period in 2025. The bank's total credit exposure increased by 2% to $42 billion, up from $41 billion at the end of 2025.

The average loan advance rose to $32 billion, representing an 8% increase compared to the previous year. The bank's interest income grew by 14% year-on-year to $813.6 million, with net interest income increasing by 24% to $510 million from $411.2 million in Q1 2025.

The non-performing loan (NPL) ratio stood at 2.40% as of March 31, 2026, slightly below the 2.43% recorded at the end of the 2025 financial year. Afreximbank's capital adequacy ratio was reported at 23%, maintaining a strong capital position.

Deni Denya, Afreximbank's Senior Executive Vice President, attributed the bank's robust performance to disciplined balance sheet management and sound asset quality amidst ongoing global uncertainties.