Afreximbank releases half-year results, shows USD 343 million gross revenue

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The African Export-Import Bank (Afreximbank) has released its unaudited financial statements for the half-year period ended 30 June 2018, showing gross revenue of $343 million. The figure represents a $21 million increase over the gross revenue for the same period in 2017.
The results, released by the Bank in Cairo today, attributed the higher gross revenue to a significant increase in fee income by 119 per cent while interest and similar income recorded a 2 per cent growth compared to prior year performance.
The Bank’s attributable earnings over the six months also amounted to $110 million, beating the budget by 34 per cent.