Economy
Afreximbank Balance Sheet Grows Sixfold Under Oramah
BirrMetrics · 2 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
Afreximbank President George Elombi announced that the bank's balance sheet has expanded sixfold over the past decade alongside significant equity injections from African shareholders.
- Afreximbank's balance sheet has expanded sixfold over the past decade.
- Shareholders' funds stand at approximately 9 billion US dollars, up from 8.4 billion US dollars at the end of 2025.
- Net income rose 30 percent in the first half of 2026.
- African shareholders injected nearly 300 million US dollars in fresh equity during 2025.
- A further 226 million US dollars has been received in 2026 to date, with an additional 300 million US dollars expected.
- President George Elombi urged African heads of state to defend the continent's multilateral financial institutions, arguing credit ratings are used as a political weapon.
- Total assets and contingencies rose 21 percent to 48.5 billion US dollars for the year ended December 2025.
- Net income advanced 19 percent to 1.2 billion US dollars in 2025.
- Liquid assets accounted for 14 percent of total assets, exceeding the bank's 10 percent strategic minimum.
- S&P Global Ratings affirmed the bank at BBB+ with a stable outlook in June 2026.
- The bank operates under the IMPACT 2026 strategic framework focusing on intra-African trade and industrialization.
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