According to the consolidated financial statements, the bank’s Loans and Advances (the portfolio) stood at US$27.7 billion against the full year 2024 figure of $29.0 billion. The decrease in Loans and Advances, the bank explained, was on account of early repayments by some sovereign borrowers who benefited from stronger commodity prices and improved foreign currency positions.

With non-performing loans (NPLs) at 2.48% for H1’2025 (FY’2024: 2.33%), the quality of the portfolio remained sound and well within prudent levels. The Bank’s liquidity ratio improved significantly to close the period at 22% (FY’2024:13%) as cash and cash equivalents held amounted to US$8.3 billion (FY’2024:US$4.6 billion).

Shareholders’ funds increased to US$7.3 billion (FY’2024:US$7.2billion), driven by internally generated profits of US$412.7 million and fresh equity inflows under the ongoing General Capital Increase II.

The bank’s Gross Income grew by 2.04% over the comparative period, reaching US$1.6 billion for the H1’2025while Net interest income stood at US$835.9 million, representing a 1.17% increase over the prior period. The modest growth, the bank said, was achieved despite the decline in global benchmark rates, largely reflecting its efficient management of funding costs.

The bank’s gross fee and commission income arising from unfunded activities, including issuance of guarantees, letters of credit (contingent liabilities) and provision of advisory services amounted to US$61.9 million.

Notwithstanding the 21% increase in operating expenses, the bank said, it maintained a very favourable cost-to-income ratio of 19%, broadly in line with the historical levels, and well below the strategic ceiling of 30%, explaining that 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,

The bank said the impressive result was achieved amid heightened geopolitical tensions, persistent inflationary pressures, currency volatility, and tighter global financing conditions.

“This performance, which surpassed that of the 2024 comparative period, reflected higher net income, a robust liquidity position, and strengthened capital buffers, positioning the Group to better fulfil its mandate across its member states in Africa and the Caribbean Community”, the bank said.

Commenting on the result, Mr. Denys Denya, Afreximbank’s Senior Executive Vice President, said: “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, remain the cornerstone of the Group’s success.

The Group’s fundamentals remain strong, and management continues to focuse on delivering long-term value to all stakeholders, while safeguarding Africa’s financial sovereignty.”

Highlights of the results for the Group are shown below: