Afreximbank's nine-month profit rises 24% as lending expands

Afreximbank reported net income of $813.5 million for the nine months ended 30 September 2026, up 24% from $654.3 million a year earlier. The bank's 26 October results announcement put gross income at $2.7 billion, compared with $2.4 billion in the corresponding 2025 period.

Net loans and advances reached $36.2 billion at the end of September, compared with $33.5 billion at 31 December 2025. That lending comparison is against the previous year-end, not September 2025. Total assets and contingencies together reached $54.1 billion; assets alone were $45.9 billion.

The disclosure also showed mixed risk and liquidity indicators. The non-performing loan ratio edged up to 2.48% from 2.43% at December 2025, while liquid assets as a share of total assets fell to 13% from 15%. Expected credit-loss provisions for the nine-month period rose to $537.6 million from $481.3 million a year earlier.

Why it matters for Nigeria

Nigeria has an established financing relationship with the institution. A 7 July State House account of a meeting with the bank's leadership described its involvement in Nigerian trade, agricultural processing, value chains and healthcare. That is historical context, not a new facility announced with these results.

FXRates context: the figures describe the bank's overall business, not lending exclusively to Nigeria. They help readers assess a financing partner used by Nigerian businesses, but do not establish a new Nigerian capital inflow, funding commitment or exchange-rate effect.