Afreximbank’s net income rises 24% to $813.5m
The African Export-Import Bank (Afreximbank) and its subsidiaries recorded a 24 per cent increase in net income to 813.5 million dollars for the nine months ended Sept. 30, 2026.
The figure represents an increase from the 654.3 million dollars recorded in the corresponding period of 2025.
The bank disclosed this in a statement issued on Monday by its Communication and Events Manager, Vincent Musumba.
Musumba attributed the growth to increased lending activities, higher interest income and disciplined cost management amid a challenging global operating environment.
He said the bank’s total assets and contingencies rose by 12 per cent to 54.1 billion dollars from 48.5 billion dollars at the end of 2025.
Net loans and advances also increased by eight per cent to 36.2 billion dollars from 33.5 billion dollars.
According to him, gross income grew by 11 per cent to 2.7 billion dollars during the period, supported by balance sheet expansion and stronger earnings.
Interest income increased by 9.1 per cent to 2.4 billion dollars from 2.2 billion dollars in the corresponding period of 2025, reflecting growth in average loan balances from 28.9 billion dollars to 34.8 billion dollars.
Musumba added that net interest income rose by 15 per cent to 1.5 billion dollars, while fees and commission income from guarantees, letters of credit and advisory services increased to 136.9 million dollars from 117.2 million dollars.
He said the bank maintained operational efficiency, with its cost-to-income ratio improving to 20 per cent from 21 per cent a year earlier, remaining below its strategic ceiling of 30 per cent.
Return on average shareholders’ equity stood at 12 per cent, while return on average assets improved to 2.48 per cent from 2.34 per cent in the corresponding period of 2025.
However, the non-performing loans ratio edged up to 2.48 per cent from 2.43 per cent at the end of December 2025.
Provisions for expected credit losses increased to 537.6 million dollars from 481.3 million dollars in the corresponding period of the previous year.
The bank’s liquid assets stood at 6.1 billion dollars, representing 13 per cent of total assets, compared with 15 per cent at the end of 2025.
Musumba said the capital adequacy ratio moderated to 22 per cent from 23 per cent.
Shareholders’ funds increased to 9.0 billion dollars from 8.4 billion dollars at the end of 2025, supported by internally generated profits and 195.2 million dollars in new equity contributions under the bank’s General Capital Increase programme.
He said Afreximbank strengthened its access to international debt capital markets through a 1.5 billion-dollar dual-tranche bond issuance completed in July 2026.
The issuance comprised 750 million dollars in 5.5-year notes and another 750 million dollars in 10-year notes, with the transaction approximately two times oversubscribed.
Consequently, the bank’s debt securities in issue rose to 4.4 billion dollars from 3.4 billion dollars at the end of 2025, further diversifying its funding base.
Musumba also disclosed that the bank established a 10-billion-dollar Gulf Crisis Response Programme to provide liquidity support and facilitate trade and payment flows.
He said the programme would help member countries maintain access to essential imports, including energy products, fertilisers, food and other strategic commodities.
The group’s high-impact investments increased by 23 per cent to 1.6 billion dollars from 1.3 billion dollars at the end of 2025, supporting development projects aimed at advancing industrialisation, improving trade competitiveness and strengthening economic resilience.
Commenting on the performance, Afreximbank’s Senior Executive Vice-President, Denys Denya, said the results demonstrated the bank’s ability to sustain profitability while fulfilling its development mandate across Africa and the Caribbean.
Denya said the expansion of the lending portfolio, strong earnings and capital position reflected the effectiveness of the bank’s strategy and the growing relevance of its interventions across its target markets.
He reaffirmed the bank’s commitment to providing financing, trade facilitation and strategic investments to strengthen regional value chains, support industrialisation and accelerate Africa’s economic transformation amid persistent global economic and geopolitical uncertainties.
