African Export-Import Bank (Afreximbank) recorded a 24 per cent increase in net income to $813.5 million between January and September 2026.

In a statement on Monday, the bank said the result demonstrated resilient growth, sound asset quality, and continued support for trade and economic development across Africa and the Caribbean Community (CARICOM).

“Net income rose by 24 per cent to US$813.5 million, compared with US$654.3 million in the corresponding period of 2025, driven by growth in lending activities, improved interest income and disciplined cost management, despite a challenging global operating environment,” Afreximbank stated.

According to the statement, the bank’s subsidiaries, the Group’s total assets and contingencies increased by 12 per cent to US$54.1 billion, from US$48.5 billion in 2025. 

Afreximbank noted that the growth was underpinned by an expansion of its lending portfolio, with net loans and advances increasing by eight per cent to US$36.2 billion, compared to US$33.5 billion at year end 2025.

“Gross income increased to US$2.7 billion in the first nine months of 2026, up 11 per cent from the prior period, supported by continued balance sheet growth and strong earnings generation. 

“This performance was largely driven by a 9.1 per cent increase in interest income to US$2.4 billion, from US$2.2 billion in the first nine months of 2025, underpinned by growth in average loan balances, which increased from US$28.9 billion in the first nine months of 2025 to US$34.8 billion in the first nine months of 2026, reflecting sustained demand for trade and project financing across the bank’s member countries. Net interest income also strengthened by 15 per cent to US$1.5 billion,” the statement added.

Commenting on the results, Denys Denya, Afreximbank’s senior executive vice president, said, “This performance underscores Afreximbank’s ability to deliver strong and sustainable performance while continuing to fulfil its development mandate across Africa and the Carribean.”

Mr Denya explained that the bank’s expanded lending portfolio, robust profitability, and strong capital position demonstrated the effectiveness of its strategy and the growing relevance of our interventions across our target markets. 

“As global economic and geopolitical uncertainties persist, Afreximbank remains committed to providing the financing, trade facilitation and strategic investments needed to strengthen regional value chains, support industrialisation and accelerate the continent’s economic transformation,” he added.

Afreximbank added that it strengthened its access to international debt capital markets, successfully completing a $1.5 billion dual-tranche bond issuance in July 2026.