The African Export-Import Bank (Afreximbank) recorded a 30 per cent increase in net income to $534.7 million in the first half of 2026, as stronger lending boosted earnings while the bank’s asset quality improved.
Net income rose from $412.7 million in the first half of 2025, while net interest income increased 22 per cent to $1 billion. Net loans and advances also grew 5.7 per cent to $35.4 billion, from $33.5 billion at the end of 2025.
The bank’s total assets and contingencies increased 7.8 per cent to $52.3 billion, while its non-performing loan ratio improved to 2.20 per cent, from 2.43 per cent at year-end 2025.
Return on average shareholders’ equity rose to 13 per cent, from 11 per cent in H1 2025, while return on average assets increased to 2.54 per cent from 2.22 per cent.
Fee and commission income also climbed 15 per cent to $71.1 million, supported by higher fees from guarantees, letters of credit and advisory services.
Commenting on the performance, Afreximbank’s Senior Executive Vice President, Denys Denya, said the results demonstrated the resilience of the Group despite 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,” Denya said.
He said the stronger balance sheet would allow the bank to respond to market disruptions while maintaining its support for African and Caribbean economies.
“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.
Denya said the expansion of lending was supported by strong asset quality and diversified funding, giving the bank greater capacity to address both immediate economic pressures and longer-term development needs.
