The African Export-Import Bank (Afreximbank) has released its financial statements for the six months ended 30 June 2023, which demonstrate solid and resilient performances.

A statement issued by the multilateral institution on September 12, 2017, mentions that the total assets on the Afreximbank Group's balance sheet increased by 8%, from $27.9 billion as of December 31, 2022 (fiscal year 2022) to approximately $30.1 billion as of June 30, 2023. In reality, this growth is due to the increase in loans and advances to customers, which increased by 13% to close the period at 26 billion dollars. According to the document, “due to the increase in the volume of interest-bearing assets, in particular loans and advances, and the rise in interest rates, total interest income grew by 107.1 percent to $1.1 billion for the semester (S1-2023), compared to $540.8 million for the