Afreximbank posts 4% net income growth in Q1

The African Export-Import Bank reported a 4 per cent growth in net income to $87.3 million which the Pan-African multilateral financial institution says was driven by a 23 per cent growth in net interest income. This the lender says came about as a result of a 41 per cent growth in net loans and advances. Afreximbank’s Executive Vice-President for Finance, Admin and Banking Services, Denys Denya spoke with CNBC Africa’s Kenneth Igbomor for more.

Wed Jun 02 2021 | 11:52:53 GMT+0000 (Coordinated Universal Time)


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.