CAIRO, Egypt, September 2, 2025/APO Group: In its consolidated financial statement for the six months ended June 30, 2025 (H1 2025), the African Export-Import Bank Group (Afreximbank) has posted satisfactory results, exceeding those of 2024, in terms of a robust liquidity position and strengthened capital buffers. The group remarked that the performance helps to position itself to better fulfill its mandate across member states in Africa and the Caribbean community as a whole, where it comes at a time of heightened tensions, persistent inflation, currency volatility, and a tighter global financial condition.
The bank’s gross income witnessed a growth of 2.04 percent as compared to the comparative period, where it reached US$1.6 billion for the H1’2025, while net interest income stood at US$835.9 million, accounting for 1.17 percent increase in comparative terms.
Notwithstanding the 21 percent increase in operating expenses, the Group has maintained a very favourable cost-to-income ratio of 19 percent, broadly in line with the historical levels, and well below the strategic ceiling of 30 percent. The increase in expenses was mainly driven by the implementation of strategic initiatives and the recruitment of additional staff to support the Group’s growing activities and inflationary pressures.
Afreximbank’s on-balance sheet and contingent items closed H1’2025 at US$42.5 billion, representing 6 percent growth as compared to December 31, 2025, the FY’2024, while loans and advances stood at US$27.7 billion in relation to the corresponding period of FY’2024 at USD 29.0 billion. The decrease in loans and advanced portfolio is attributed to early repayments made by some sovereign borrowers, benefitting from stronger commodity prices and improved foreign currency positions. While non-performing loans (NPLs) are at 2.48 percent for H1’2025 in relation to the corresponding period of FY’2024 at 2.33 percent.
The bank remarked that the quality of the portfolio remained sound and is well within prudent levels. The liquidity ratio has also seen a significant improvement, closing the period at 22 percent as opposed to 13 percent for FY’2024, while cash and equivalents accounted for US$8.3 billion in relation to the corresponding period of FY’2024 at US$4.6 billion.
On the other hand, shareholders’ funds witnessed an increase to US$7.3 billion as opposed to US$7.2billion for FY’2024, driven by internally generated profits of US$412.7 million and fresh equity inflows under the ongoing General Capital Increase II. A total dividend of US$350 million in respect of FY’2024 was appropriated following shareholders’ approval during the last AGM held in June 2025.
The Senior Executive Vice President at Afreximbank, Denys Denya commented: “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, remains the cornerstone of the Group’s success.”
“The Group’s fundamentals remain strong, and management continues to focus on delivering long-term value to all stakeholders, while safeguarding Africa’s financial sovereignty.”
