African Export-Import Bank Group has released its consolidated financial statements for the six months ended 30 June 2025.
According to the Group in a statement seen by THE WHISTLER, the performance, which surpassed that of the 2024 comparative period, reflected higher net income, a robust liquidity position, and strengthened capital buffers.
Gross income grew by 2.04 per cent over the comparative period, reaching $1.6bn for the H1’2025. Net interest income stood at $835.9m, representing a 1.17 per cent increase over the prior period.
This modest growth was achieved despite the decline in global benchmark rates, largely reflecting the Group’s efficient management of funding costs. 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 $61.9m.
Notwithstanding the 21 per cent increase in operating expenses, the Group maintained a cost-to-income ratio of 19 per cent, broadly in line with the historical levels, and well below the strategic ceiling of 30 per cent.
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 at $42.5bn, representing a growth of 6.0 per cent over the position as at 31 December 202. Loans and advances stood at $27.7bn.
This reported decrease in the loans and advances portfolio was on account of early repayments by some sovereign borrowers, who benefited from stronger commodity prices and improved foreign currency positions.
The Bank’s liquidity ratio improved significantly to close the period at 22 per cent (FY’2024:13 per cent) as cash and cash equivalents held amounted to $8.3bn (FY’2024:$4.6bn).
Shareholders’ funds increased to $7.3bn, driven by internally generated profits of US$412.7m and fresh equity inflows under the ongoing General Capital Increase II.
Afreximbank’s Senior Executive Vice President, Mr. Denys Denya noted that Afreximbank Group reported satisfactory performance in the first half of 2025, demonstrating agility and resilience despite operating in a challenging environment.
