African Export-Import Bank and its subsidiaries posted robust full-year 2025 results, with total assets and contingencies expanding 21% to $48.5 billion from $40.1 billion a year earlier, highlighting sustained balance-sheet growth and deepening market confidence in the pan-African trade finance institution.
Net loans and advances rose 16% to $33.5 billion at Dec. 31, 2025, from $29.0 billion, fueled by fresh disbursements across Africa and the Caribbean in key sectors including manufacturing, infrastructure, food security, and climate adaptation.
The group’s non-performing loan ratio held steady at 2.43%, little changed from 2.33% in 2024, reflecting continued strong credit quality. Liquidity remained solid, with cash and cash equivalents increasing to $6.0 billion from $4.6 billion; liquid assets represented 14% of total assets, comfortably above the bank’s 10% minimum threshold.
Shareholders’ equity grew 17% to $8.4 billion, supported by $1.2 billion in net income and $299.4 million in fresh equity raised under the second phase of the General Capital Increase.
Gross income advanced 6.1% to $3.5 billion from $3.3 billion, while net interest income edged up 5.6% to $1.9 billion. Net income jumped 19% to $1.2 billion from $973.5 million, pushing basic earnings per share to $12,008 from $10,390.
Operating expenses rose to $459.2 million from $367.7 million amid staff expansion and inflationary pressures, lifting the cost-to-income ratio to 21% from 18% — still well below the bank’s 30% ceiling. Return on average shareholders’ equity stayed at 15%, while return on average assets improved slightly to 3.04% from 2.96%. The capital adequacy ratio stood at a healthy 23%, compared with 24% a year earlier. Total assets on the balance sheet (excluding contingencies) reached $42.3 billion, up from $35.3 billion.
Afreximbank says it tapped international bond markets for more than $800 million through Samurai and Panda bond issuances in Japan and China, countering earlier concerns from some rating agencies about its funding flexibility.
The performance according to Afreximbank was driven primarily by the core bank and the Fund for Export Development in Africa (FEDA), with newer subsidiaries continuing to scale up. The results underscore Afreximbank’s role in advancing intra-African trade, industrialization, and economic self-reliance across the continent and beyond.
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