Afreximbank Reports 24% Profit Increase for 2026

African Export-Import Bank (Afreximbank) reported a net income of $813.5 million for the nine months ended September 30, 2026, a 24% increase from $654.3 million in the same period of 2025. This growth was supported by an 11% rise in gross income to $2.7 billion and a 17.45% increase in net interest income to $1.49 billion.

The bank's performance exceeded expectations due to increased lending activities, higher interest income, and improved cost efficiency. Denys Denya, Afreximbank’s Senior Executive Vice President, noted the bank's stronger profitability and expanding lending portfolio.

Interest expenses rose by 2.27% to $981.34 million, while operating expenses increased by 9.42% to $335.58 million. The cost-to-income ratio improved to 20% from 21%.

Total assets grew by $3.65 billion to $45.94 billion, driven by increased loans and advances. Afreximbank completed a $1.5 billion dual-tranche bond issuance in July 2026, which was oversubscribed, enhancing its access to international debt markets.