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Growth: Afreximbank Group to show a positive consolidated balance sheet in 2021

20/04/2022
Categories: Companies

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The year 2021 was a positive one for the African Export-Import Bank (Afreximbank). It posted its overall results with its two windows which are Feda (Fund for Export Development in Africa) and Afrexinsure (Afreximbank Insurance Management Company).

For the first time, Afreximbank had a positive and strong growth year with interest income again crossing the US$1 billion mark, according to a statement issued by the bank on Tuesday 19 April from Cairo. The group's equity increased by 17.4% to US$4 billion from US$3.4 billion the previous year.

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