Afreximbank Posts Strong H1 2025 Results, Net Income Hits US$412.7m
The African Export-Import Bank Group (Afreximbank) has reported a solid financial performance for the first half of 2025, with key growth indicators underscoring resilience amid global economic headwinds.
According to its consolidated financial statements for the six months ending June 30, 2025, gross income rose by 2.04% to US$1.6 billion, compared to the same period in 2024. Net interest income stood at US$835.9 million, up 1.17% despite a decline in global benchmark rates, reflecting effective cost management. In addition, gross fee and commission income reached US$61.9 million, largely from guarantees, letters of credit, and advisory services.
While operating expenses increased by 21% due to strategic expansion, staff recruitment, and inflationary pressures, Afreximbank maintained a cost-to-income ratio of 19%, well below its 30% ceiling.
The Group’s total assets, including contingent items, rose 6% to US$42.5 billion, compared to FY 2024. However, loans and advances fell slightly to US$27.7 billion from US$29 billion, driven by early sovereign repayments supported by stronger commodity prices and improved foreign exchange positions. The quality of the loan book remained stable, with non-performing loans at 2.48%, up marginally from 2.33% in FY 2024.
Liquidity improved sharply, with the liquidity ratio climbing to 22% from 13% at year-end 2024. Cash and cash equivalents nearly doubled to US$8.3 billion, compared to US$4.6 billion.
Shareholders’ funds grew to US$7.3 billion, supported by internally generated profits of US$412.7 million and fresh equity inflows under the ongoing General Capital Increase II. A dividend of US$350 million for FY 2024 was also approved at the June 2025 Annual General Meeting.
The period also marked a leadership transition, with shareholders unanimously approving Dr. George Elombi as the next President and Board Chairman, succeeding Professor Benedict Oramah, whose term ends in October 2025.
Senior Executive Vice President, Mr. Denys Denya, said the results demonstrated Afreximbank’s “agility and resilience despite a challenging environment,” adding that the Bank’s strong fundamentals, robust liquidity, and sound capital base position it to continue driving Africa’s and the Caribbean’s trade and development agenda.
