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Afreximbank’s net interest income rose by 4.53% year-on-year to USD 411.2 million. This growth was underpinned by an expansion in interest-earning assets and prudent cost management on borrowings, which helped offset the effects of softening global benchmark interest rates.
The African Export-Import Bank (Afreximbank) has reported a strong financial performance for the first quarter of 2025, demonstrating resilience and profitability amid global economic headwinds. The pan-African multilateral lender’s results met expectations, reinforcing its role as a key driver of economic transformation and sustainable development across Africa and the Caribbean.
According to the financial results released Wednesday, Afreximbank’s net interest income rose by 4.53% year-on-year to USD 411.2 million. This growth was underpinned by an expansion in interest-earning assets and prudent cost management on borrowings, which helped offset the effects of softening global benchmark interest rates.
Afreximbank reported a 21% jump in net income, which reached USD 215 million, up from USD 178 million in the first quarter of 2024. This was bolstered by strong growth in fee income, with revenue from guarantees and letters of credit rising 47% and 36% respectively. Total unfunded income came in at USD 26.9 million, a slight decline of 7.41% from the prior period, attributed to lower advisory fees.
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The bank’s total assets and contingent liabilities grew by 6.4% to reach USD 42.7 billion as of March 31, 2025. On-balance sheet assets increased to USD 37 billion, representing a 4.85% rise, driven largely by a 58% jump in cash holdings, which stood at USD 7.4 billion at the end of the quarter.
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