African Export-Import Bank (Afreximbank) had $36.2 billion in net loans and advances at Sept. 30, while its net income rose 24% in the first nine months of 2026, according to its results.
Net income was $813.5 million for the nine months, compared with $654.3 million in the same period of 2025. The bank attributed the increase to lending activity, higher interest income and cost management. Average loan balances rose to $34.8 billion from $28.9 billion a year earlier. Gross income increased 11% to $2.7 billion, interest income rose 9.1% to $2.4 billion, and net interest income climbed 15% to $1.5 billion.
Afreximbank reported $54.1 billion in total assets and contingencies, up 12% from $48.5 billion at year-end 2025. It separately listed $45.9 billion in on-balance-sheet assets. The nonperforming-loan ratio edged up to 2.48% from 2.43%. Liquid assets were $6.1 billion, equal to 13% of total assets, compared with 15% at year-end. The capital adequacy ratio was 22%, down from 23%, while shareholders’ funds increased to $9 billion from $8.4 billion.
The bank said it completed a $1.5 billion bond issue in July, split evenly between 5.5-year and 10-year notes. The issue was about two times oversubscribed. The bank also set up a $10 billion Gulf Crisis Response Programme, intended to help member countries preserve liquidity, keep trade and payment activity moving and maintain access to essential imports. The bank says its financing supports member countries in Africa and the Caribbean Community; its mandate is to finance and promote trade within Africa and between Africa and other regions.
Denys Denya, Afreximbank’s senior executive vice president, said the results demonstrated the bank’s strategy and “the growing relevance of our interventions across our target markets.”
MarketScreener, citing S&P Capital IQ data, reported net income of $815.02 million for the first nine months of 2026 and $656.39 million for the comparable 2025 period. Those figures differ from Afreximbank’s release, which does not explain the gap.
