Afreximbank Reports Strong First Half 2025 Results Despite Global Challenges
The African Export-Import Bank Group (Afreximbank) has posted solid financial results for the first half of 2025, underlining its resilience in the face of global economic headwinds.
According to its consolidated financial statements for the six months ended 30 June 2025, the Group recorded higher net income, improved liquidity, and stronger capital buffers compared with the same period in 2024. Management said the performance positions the Bank to continue fulfilling its mandate of promoting trade and development across Africa and the Caribbean Community.
Gross income rose to US$1.6 billion, a 2.04% increase from H1 2024, while net interest income reached US$835.9 million, up 1.17%. Fee and commission income from guarantees, letters of credit, and advisory services amounted to US$61.9 million.
Operating expenses rose by 21% due to strategic initiatives, staff recruitment, and inflationary pressures. Despite this, Afreximbank maintained a favourable cost-to-income ratio of 19%, well below its 30% ceiling.
The Bank’s balance sheet and contingent items totalled US$42.5 billion, up 6% from the end of 2024. Total assets grew to US$37.7 billion, while liabilities stood at US$30.4 billion. Shareholders’ funds increased to US$7.3 billion, supported by US$412.7 million in net profits and new equity injections under the ongoing General Capital Increase II.
Liquidity improved significantly, with cash and cash equivalents more than doubling to US$8.3 billion, pushing the liquidity ratio to 22% from 13% at the end of 2024. The non-performing loan ratio remained low at 2.48%, reflecting continued portfolio quality.
Afreximbank’s return on average equity (ROAE) was 11%, compared with 13% in H1 2024, while return on average assets (ROAA) stood at 2.22% against 2.52% last year.
Shareholders also approved a dividend of US$350 million for the 2024 financial year at the Annual General Meeting (AGM) held in June.
At the same AGM, shareholders unanimously approved the appointment of Dr George Elombi as the Group’s new President and Chairman of the Board, succeeding Professor Benedict Oramah when he completes his second term in October 2025. Dr Elombi, currently Executive Vice President for Governance, Legal and Corporate Services, has served the Bank for nearly three decades.
Commenting on the results, Senior Executive Vice President, Denys Denya, said: “Afreximbank 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 a robust capital base, access to capital markets, and excellent knowledge of the African and Caribbean markets.”
He added that the Bank remains committed to its developmental mandate of advancing trade, industrialisation, and integration in Africa and the Caribbean, while safeguarding Africa’s financial sovereignty.
Afreximbank, headquartered in Cairo, was established in 1993 to promote, finance, and facilitate intra- and extra-African trade. It currently holds controlling interests in several strategic entities, including the Fund for Export Development in Africa (FEDA), AfrexInsure, the African Medical Centre of Excellence (AMCE), and the African Quality Assurance Centre (AQAC).
The Bank has investment-grade credit ratings from Moody’s (Baa2), Fitch (BBB-), GCR (A), JCR (A-), and CCXI (AAA).
