Afreximbank delivers solid, steady performance for the nine months ended 30 September 2025
During the period, the total assets and contingencies rose by 6.98% to US$42.9 billion, up from US$40.1 billion as at 31 December 2024 (FY’2024)
CAIRO, Egypt, November 20, 2025/APO Group/ —
African Export-Import Bank (Afreximbank or the “Bank”) (www.Afreximbank.com) and its subsidiaries (the “Group”) delivered solid results for the nine months period ended 30 September 2025, underscoring its continued financial resilience.
During the period, the total assets and contingencies rose by 6.98% to US$42.9 billion, up from US$40.1 billion as at 31 December 2024 (FY’2024), highlighting the Bank’s consistent growth trajectory.
While Net loans and advances closed at US$28.0 billion (FY 2024: US$29.0 billion), the reduction is largely attributable to unscheduled early repayments by clients whose financial positions have improved on account of enhanced cash flows and stronger foreign-currency positions driven by higher commodity prices. The Bank’s asset quality remains sound, evidenced by a Non-Performing Loan (NPL) ratio of 2.51%, compared to 2.33% in FY2024.
The Bank’s liquidity position remained strong, with cash and cash equivalents increasing to US$7.6 billion, up from US$4.6 billion in FY2024. This increase was driven by successful and targeted fundraising initiatives and unscheduled early loan repayments from borrowing customers. As a result, the proportion of liquid assets to total assets increased and accounted for 20%, compared to 13% in FY2024. This solid liquidity positions the Group well to support its planned disbursement activities.
Shareholders’ funds grew to US$7.7 billion as at 30 September 2025, supported by internally generated profits of US$654.3 million and new equity inflows of US$224.9 million mobilised under the General Capital Increase II. The reported Shareholders’ funds balances take into account the US$350 million dividend appropriated from FY’2024 profits.
Despite declining benchmark rates, gross income for the nine months to September 2025, rose to US$2.4 billion compared to US$2.3 billion achieved over the same period last year. Operating income also grew by 5.24% to US$1.44 billion, while maintaining strong cost efficiency with a cost-to-income ratio of 21% which is well below the strategic ceiling of 30%.
Resultantly, Net income also grew, increasing from US$642.2 million in 9M’2024, to US$654.3 million in 9M’2025.
Highlights of the results for Afreximbank Group are shown below:
| Financial Performance Metrics | 9M’2025 | 9M’2024 |
| Gross Income (US$ billion) | 2.4 | 2.3 |
| Net Income (US$ million) | 654.3 | 642.2 |
| Return on average equity (ROAE) | 12% | 13% |
| Return on average assets (ROAA) | 2.35% | 2.64% |
| Cost-to-income ratio | 21% | 17% |
| Financial Position Metrics | 9M’2025 | 9M’2024 |
| Total Assets (US$ billion) | 37.6 | 32.2 |
| Total Liabilities (US$ billion) | 29.9 | 25.6 |
| Shareholders’ Funds (US$ billion) | 7.7 | 6.6 |
| Net asset value per share (US$) | 72,429 | 66,881 |
| Non-performing loans ratio (NPL) | 2.51% | 2.42% |
| Cash/Total assets | 20% | 12% |
| Capital Adequacy ratio (Basel II) | 25% | 25% |
Mr. Denys Denya, Afreximbank’s Senior Executive Vice President, commented:
“Amid persistent geopolitical tensions, global uncertainty, and tight financial conditions, the Group demonstrated resilience and delivered a satisfactory performance for the nine-month period ended 30 September 2025, in line with expectations. This resilience as reflected in strong liquidity, a robust capital base, and high-quality assets, underscores the Group’s ability to navigate through the challenging operating environment. Beyond supporting profitability, the demonstrated resilience will serve as a springboard for expanding lending activities, enhancing capacity to deliver on the Group’s mandate, and creating sustainable long-term value in line with the 6th Strategic Plan”.
Distributed by APO Group on behalf of Afreximbank.
Media Contact:
Vincent Musumba
Communications and Events Manager (Media Relations)
Email: press@afreximbank.com
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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.
For more information, visit: www.Afreximbank.com
FORWARD-LOOKING STATEMENTS:
African Export-Import Bank (Afreximbank) Group makes written and/or oral forward-looking statements, as shown in this release and other communications, from time to time. Likewise, officers of the Bank may make forward-looking statements either in writing or during verbal conversations with investors, analysts, the media, and other members of the investment community. Statements regarding the Bank’s strategies, objectives, priorities, and anticipated financial performance for the period constitute forward-looking statements. They are often described with words like “should”, “would”, “may”, “could”, “expect”, “anticipate”, “estimate”, “project”, “intend”, and “believe”.
By their very nature, these statements require the Bank to make assumptions subject to risks and uncertainties, especially uncertainties related to the financial, economic, regulatory, and social environment within which the Bank operates. Some of these risks are beyond the control of the Bank and may result in materially different results from the expectations inferred from the forward-looking statements. Risk factors that could cause such differences include regulatory pronouncements, credit, market (including equity, commodity, foreign exchange, and interest rate), liquidity, operational, reputational, insurance, strategic, legal, environmental, and other known and unknown risks. As a result, when making decisions with respect to the Bank, we recommend that readers apply further assessment and should not unduly rely on the Bank’s forward-looking statements.
Any forward-looking statements contained in this press release represents the views of management only as of the date hereof. These statements are meant to assist the Bank’s investors and analysts to understand the Bank’s financial position, strategies, objectives, priorities, and anticipated financial performance in relation to the current period, and, as such, may not be appropriate for other purposes. The Bank does not undertake to update any forward-looking statements, whether written or verbal, which may be made from time to time by it or on its behalf, except as required under applicable relevant regulatory provisions or requirements.
