Afreximbank Delivers $412.7 Million Net Income in First Half of 2025

The African Export-Import Bank Group (Afreximbank/Group)  has released its consolidated financial statements for the six months ended 30 June 2025, showing resilience and solid growth despite challenging global conditions.

The Group’s performance reflected higher net income, a strong liquidity position, and reinforced capital buffers, surpassing results recorded in the same period of 2024. Gross income rose by 2.04% year-on-year to US$1.6 billion, while net interest income stood at US$835.9 million, up 1.17%. Gross fee and commission income from unfunded activities, including guarantees, letters of credit, and advisory services, totalled US$61.9 million.

Operating expenses increased by 21% due to strategic initiatives, recruitment to support growth, and inflationary pressures. Nonetheless, Afreximbank maintained a favourable cost-to-income ratio of 19%, well below its strategic ceiling of 30%.

The Group’s balance sheet and contingent items reached US$42.5 billion at the end of H1 2025, representing 6% growth from December 2024. Loans and advances stood at US$27.7 billion, slightly lower than US$29.0 billion at the end of FY 2024, following early repayments by sovereign borrowers benefiting from stronger commodity prices and foreign currency inflows. Non-performing loans remained at prudent levels, closing at 2.48%.

Liquidity improved significantly, with cash and cash equivalents rising to US$8.3 billion from US$4.6 billion in FY 2024, boosting the liquidity ratio to 22%. Shareholders’ funds increased to US$7.3 billion, supported by internally generated profits of US$412.7 million and new equity inflows under General Capital Increase II. A dividend of US$350 million for FY 2024 was approved during the Annual General Meeting in June 2025.

The AGM also marked a leadership transition, as shareholders unanimously approved the appointment of Dr. George Elombi as the fourth President and Chairman of the Board of Directors, succeeding Professor Benedict Oramah, whose second term ends in October 2025. Dr. Elombi, currently Executive Vice President for Governance, Legal, and Corporate Services, has served with the Bank for nearly three decades.

“Afreximbank Group reported satisfactory performance in the first half of 2025, demonstrating agility and resilience despite operating in a challenging environment. The Group continued to support member states with innovative financial solutions, leveraging on a robust capital base, access to capital markets as reflected in the healthy liquidity position and Management’s excellent knowledge of the African and Caribbean markets. Management’s unwavering commitment to its developmental mandate, advancing Africa’s and the Caribbean region’s development through trade, industrialisation and economic integration, remain the cornerstone of the Group’s success. The Group’s fundamentals remain strong, and management continues to focused on delivering long-term value to all stakeholders, while safeguarding Africa’s financial sovereignty.”

– Mr. Denys Denya, Senior Executive Vice President, Afreximbank

Key Financial Highlights (H1 2025 vs. H1 2024/FY 2024):

• Gross income: US$1.6 billion (up 2.04%)
• Net income: US$412.7 million (vs. US$407.7 million in H1 2024)
• Cost-to-income ratio: 19% (vs. 17% in H1 2024)
• Total assets: US$37.7 billion (vs. US$35.3 billion FY 2024)
• Shareholders’ funds: US$7.3 billion (vs. US$7.2 billion FY 2024)
• Liquidity ratio: 22% (vs. 13% FY 2024)
• Non-performing loans ratio: 2.48% (vs. 2.33% FY 2024)

Afreximbank’s performance underscores its ability to navigate global headwinds while strengthening its role in supporting trade, industrialisation, and economic integration across Africa and the Caribbean.