The African Export-Import Bank (Afreximbank) recorded net income of $534.7 million in the first half of 2026, representing a 30% increase from the $412.7 million reported in the corresponding period of 2025.
The bank said the stronger performance was driven by higher net interest income as well as increased fees and commissions, reflecting the continued expansion of its lending and trade-related activities.
Afreximbank disclosed the results on Monday, August 24, 2026, in a statement from Cairo, Egypt, covering the six months ended June 30, 2026.
The results showed continued growth across the Group as Afreximbank and its subsidiaries maintained financial resilience while supporting trade, industrialisation and economic development across Africa and the Caribbean.
Afreximbank assets rise to $52.3 billion
Afreximbank’s total assets and contingencies increased by 7.8% to $52.3 billion, compared with $48.5 billion at December 31, 2025. The increase was largely driven by growth in lending activity.
Net loans and advances rose 5.7% to $35.4 billion, up from $33.5 billion at the end of 2025, however, despite the expansion of its loan book, the Group’s non-performing loan (NPL) ratio improved to 2.20%, compared with 2.43% at year-end 2025.
Net Interest Income Climbs 22%
Afreximbank’s earnings were supported by a significant increase in net interest income. Net interest income rose 22% to $1.0 billion, compared with $0.84 billion in the first half of 2025 while fee and commission income also increased by 15% to $71.1 million, from $61.9 million a year earlier.
The bank attributed the increase to higher fees generated from guarantees, letters of credit and advisory services. “As a result, net income reached US$534.7 million, representing a 30% increase from US$412.7 million recorded in the first half of 2025.”
Gross income also increased to $1.8 billion, compared with $1.6 billion in H1 2025, while shareholders’ funds rose to $8.5 billion. Commenting on the financial performance, Denys Denya, Afreximbank’s Senior Executive Vice President, said the results reflected the resilience of the Group amid a challenging global environment.
“Our financial performance and strong position reflect the continued resilience of the Group at a time when our member countries are navigating a particularly 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.
Profitability Ratios Improve
The increase in earnings was accompanied by improvements in Afreximbank’s profitability indicators. Return on average shareholders’ equity rose to 13%, compared with 11% in H1 2025 while eturn on average assets also increased to 2.54%, from 2.22% over the same period.
“Profitability indicators showed further improvement, with return on average shareholders’ equity rising to 13%, compared with 11% in H1’2025, while return on average assets increased to 2.54% from 2.22% over the same period.”
Afreximbank Raises $1.5 billion Through Bond Issuance
Afreximbank also strengthened its funding position after the reporting period through a $1.5 billion dual-tranche bond issuance. The transaction comprised a $750 million 5.5-year tranche and a further $750 million 10-year tranche, a transaction the bank described as the largest international debt capital markets issuance in its history.
Afreximbank said its financial position provides capacity to continue supporting trade and investment across its member countries while responding to disruptions in global markets.
