Afreximbank Delivers Positive Nine-Month Financial Results As Net Income Grows 24% To US$813.5 Million And Assets And Contingencies Exceed US$54.1 Billion

(MENAFN- African Press Organization)
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African Export-Import Bank (Afreximbank) ( ) and its subsidiaries (the“Group”) delivered a satisfactory financial performance for the nine months ended 30 September 2026, demonstrating resilient growth, sound asset quality and continued support for trade and economic development across Africa and the Caribbean Community (CARICOM).

Net income rose by 24% to US$813.5 million, compared with US$654.3 million in the corresponding period of 2025, driven by growth in lending activities, improved interest income and disciplined cost management, despite a challenging global operating environment.

The Group's total assets and contingencies increased by 12% to US$54.1 billion, from US$48.5 billion FY'2025. This growth was underpinned by an expansion of the Bank's lending portfolio, with net loans and advances increasing by 8% to US$36.2 billion, compared to US$33.5 billion at year end 2025.

Gross income increased to US$2.7 billion in 9M'2026, up 11% from the prior period, supported by continued balance sheet growth and strong earnings generation. This performance was largely driven by a 9.1% increase in interest income to US$2.4 billion, from US$2.2 billion in 9M'2025, underpinned by growth in average loan balances, which increased from US$28.9 billion in 9M'2025 to US$34.8 billion in 9M'2026, reflecting sustained demand for trade and project financing across the Bank's member countries. Net interest income also strengthened by 15% to US$1.5 billion.

Fees and commission income from unfunded business activities, including guarantees, letters of credit and advisory services, increased to US$136.9 million, from US$117.2 million in the prior-year period.

The Group maintained strong operational efficiency, with its cost-to-income ratio improving to 20%, compared with 21% for the nine months ended September 2025, remaining comfortably below the Bank's strategic ceiling of 30%. Return on average shareholders' equity (ROAE) remained robust at 12%, while return on average assets (ROAA) improved to 2.48%, from 2.34% compared to the 9M'2025.

Asset quality remained sound, with the non-performing loans (NPL) ratio at 2.48%, compared with 2.43% as at 31 December 2025. Provisions for expected credit losses amounted to US$537.6 million, compared with US$481.3 million in the corresponding period of 2025.

The Group's liquidity position remained strong, with liquid assets totalling US$6.1 billion, representing 13% of total assets, compared with 15% at the end of 2025. The capital adequacy ratio stood at 22%, compared with 23% at the end of 2025, underscoring the resilience of the Bank's balance sheet and alignment with its long-term capital management objectives.

Shareholders' funds increased to US$9.0 billion, from US$8.4 billion at the end of 2025, supported by internally generated profits and US$195.2 million in new equity contributions under the Bank's General Capital Increase programme.

Commenting on the results, Mr. Denys Denya, Afreximbank's Senior Executive Vice President, commented:

“This performance underscores Afreximbank's ability to deliver strong and sustainable performance while continuing to fulfil its development mandate across Africa and the Carribean. Our expanded lending portfolio, robust profitability and strong capital position demonstrate the effectiveness of our strategy and the growing relevance of our interventions across our target markets. As global economic and geopolitical uncertainties persist, Afreximbank remains committed to providing the financing, trade facilitation and strategic investments needed to strengthen regional value chains, support industrialisation and accelerate the continent's economic transformation.”

During the period, Afreximbank further strengthened its access to international debt capital markets, successfully completing a US$1.5 billion dual-tranche bond issuance in July 2026. The transaction comprised US$750 million in 5.5-year notes and US$750 million in 10-year notes and was approximately two times oversubscribed. As a result, debt securities in issue increased to US$4.4 billion, from US$3.4 billion at the end of 2025, further supporting the diversification of the Group's funding base.

The Bank continued to demonstrate its countercyclical role in response to geopolitical and economic disruptions. Its US$10 billion Gulf Crisis Response Programme was established to provide critical liquidity support, facilitate trade and payment flows, and help member countries maintain access to essential imports, including energy products, fertilisers, food and other strategic commodities.

In line with its commitment to transformative development, the Group's high-impact investments also increased by 23% to US$1.6 billion, from US$1.3 billion at the end of 2025, supporting strategic development projects that advance industrialisation, trade competitiveness and economic resilience.

Highlights of the results for Afreximbank Group are shown below:

Financial Performance Metrics	9M'2026	9M'2025
Gross Income (US$ billion)	2.7	2.4
Net Income (US$ million)	813.5	654.3
Return on average equity (ROAE)	12%	12%
Return on average assets (ROAA)	2.48%	2.34%
Cost-to-income ratio	20%	21%

Financial Position Metrics	9M'2026	FY'2025
Total Assets and Contingencies (US billion)	54.1	48.5
Total Assets (US$ billion)	45.9	42.3
Total Liabilities (US$ billion)	36.9	33.9
Shareholders' Funds (US$ billion)	9.0	8.4
Non-performing loans ratio (NPL)	2.48%	2.43%
Liquidity position	13%	15%
Capital Adequacy ratio (Basel II)	22%	23%

Distributed by APO Group on behalf of Afreximbank.

Media Contact:
Vincent Musumba
Communications and Events Manager (Media Relations)
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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa's trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A strong supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support member countries effectively participate in the AfCFTA. At the end of September 2026, Afreximbank's total assets and contingencies stood at over US$54.1 billion, and its shareholder funds amounted to US$9.0 billion. Afreximbank has investment grade ratings assigned by China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), GCR (A), Japan Credit Rating Agency (JCR) (A-), Moody's (Baa2) and S&P Global Ratings (BBB+). The Bank is headquartered in Cairo, Egypt.

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