The African Export-Import Bank Group (Afreximbank) has reported solid financial performance for the first half of 2025, with total assets and contingent items rising to $42.5 billion, a 6% increase from $40.1 billion recorded at the end of 2024.
The Cairo-based multilateral lender announced its consolidated results for the six months ended June 30, 2025, on Tuesday, showing net income of $412.7 million, up from $407.7 million in the corresponding period of 2024, despite a tough operating environment marked by inflation, currency volatility and tighter global financing conditions.
Gross income rose by 2.04% to $1.59 billion, while net interest income increased 1.17% to $835.9 million, reflecting the Bank’s efficiency in managing funding costs. Income from guarantees, letters of credit and advisory services contributed $61.9 million.
The Bank kept its cost-to-income ratio at 19%, below its 30% threshold, even as operating expenses jumped 21% due to new strategic initiatives, staff recruitment and inflationary pressures.
The loan portfolio stood at $27.7 billion, down from $29 billion in 2024 due to early repayments by some sovereign borrowers. Non-performing loans remained low at 2.48%, while liquidity strengthened significantly with cash and cash equivalents doubling to $8.3 billion, lifting the liquidity ratio to 22%.
Shareholders’ funds grew to $7.3 billion, supported by retained earnings and fresh equity from the ongoing General Capital Increase II. The Bank also distributed a $350 million dividend for the 2024 financial year, approved at its June AGM.
The reporting period also saw Dr. George Elombi confirmed as Afreximbank’s next President and Board Chairman, succeeding Professor Benedict Oramah when his term ends in October 2025. Elombi currently serves as Executive Vice President for Governance, Legal and Corporate Services.
Senior Executive Vice President Denys Denya said the results underline the Group’s resilience and continued commitment to trade, industrialisation and economic integration in Africa and the Caribbean.
Key indicators:
Total assets and contingencies: $42.5bn
Net income: $412.7m
Gross income: $1.59bn
Liquidity ratio: 22%
Cost-to-income ratio: 19%
Capital adequacy ratio: 24%
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