The African Export-Import Bank (Afreximbank) states that in the first quarter of 2025, it recorded a net profit of 215 million dollars compared to 178 million dollars a year earlier, representing an increase of 21%.

This performance is mainly attributed to higher net interest income, which increased by 4.53% to $411.2 million compared to the previous year. This is thanks to the growth of interest-bearing assets, complemented by effective management of borrowing costs, helping the Bank to cushion the marginal decrease in total interest income due to the fall in reference rates

The Afreximbank Group achieved satisfactory financial performance in the first quarter of 2025, meeting expectations with solid profitability, strengthened liquidity and a resilient capital base.

This performance is a springboard for the Bank to continue to play its central role in promoting Africa and the Caribbean's aspirations for economic transformation and sustainable development in the months and years to come.

Net interest income grew 4.53% to US$411.2 million compared to the previous year, driven by growth in interest-earning assets, complemented by effective management of borrowing costs, which helped the Bank cushion the decline marginal of total interest income due to the weakening of reference rates.

Revenues from guarantees and letters of credit grew sharply by 47% and 36% respectively, partially offsetting lower consulting fees to contribute to the total unfunded income of $26.9 million USD in the first quarter of 2025. Although this represents a decrease of 7.41% compared to the US $29.0 million recorded in the first quarter of 2024, the good performance of off-balance sheet assets is in line with the Bank's strategy to increase unfinanced activities

The Group posted a high net income of 215 million US dollars, an increase of 21% year-on-year compared to 178 million US dollars in the previous period.

The Group's total assets and contingent liabilities increased by 6.4%, reaching 42.7 billion US dollars as at 31 March 2025, compared to 40.1 billion US dollars in fiscal year 2024. Assets on the balance sheet increased by 4.85% to 37.0 billion US dollars, mainly due to a 58% increase in cash balances to 7.4 billion US dollars, while off-balance sheet assets, i.e. volumes of letters of credit and guarantees, increased by 19% to reach 5.7 billion US dollars at the end of the first quarter of 2025

Net loans and advances closed the first quarter of 2025 at 27.8 billion US dollars, down from the closing position of fiscal year 2024 reflecting the early repayments of some customers due to the improvement in the position of foreign currency balances of some sovereign borrowers. It is important to note that the quality of loan assets remained solid, with a ratio of non-performing loans (PNP) of 2.44%, up slightly from 2.33% in fiscal year 2024, well below the strategic ceiling of 4% set by the

M. Denys Denya, premier vice-président exécutif d' Afreximbank, a déclaré: “ Our first-quarter 2025 results, which are in line with expectations, reflect solid and resilient financial performance, despite ongoing macroeconomic challenges. With solid profitability growth, a strengthened liquidity position and a well-capitalized balance sheet, the Group is well positioned to continue to play a central role in achieving Africa and the Caribbean's aspirations for economic transformation and sustainable development.”