Home Africa Afreximbank records $285m income in 2018
Afreximbank records $285m income in 2018

Afreximbank records $285m income in 2018

0
6

The African Export-Import Bank (Afreximbank) has shown strong financial and operational performance in 2018 with a total comprehensive income of 285.4 million dollars.

Afreximbank’s President, Prof. Benedict Oramah, disclosed this in a statement signed by the bank’s Head of Media, Mr Obi Emekekwue on Sunday in Abuja.

Oramah disclosed that  the sum is the bank’s abridged audited financial statements for the year ended Dec. 31, 2018.

According to him,   the total comprehensive income reflects a solid growth of 24 per cent compared to 2017 performance of 229.8 million dollars.

He said the increase was mainly due to a higher net income in the period under review which amounted to 275.9 million dollars compared to 220.5 million dollars recorded in 2017.

He said the bank’s total assets grew by 13 per cent from 11.91 billion dollars as at  Dec. 31, 2017 to 13.42 billion dollars as at Dec. 31, 2018.

He further said there was solid growth in the net loans and advances, which increased by 30.3 per cent.

Oramah said the performance was a reflection of the strength of Afreximbank’s underlying business while restating commitment to driving the bank’s strategic objectives to strong orderly growth in assets and earnings.

YOUR COMMENTS

Your email address will not be published. Required fields are marked *

18 − 16 =

Comment(6)

  1. Pingback: 안전놀이터
  2. Pingback: 먹튀사이트
  3. Pingback: elang qq
  4. Pingback: blazing trader
  5. Pingback: go4rex estafa
  6. gamefly free trial says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Hi there all, here every one is sharing such know-how, thus it’s fastidious to read this web
    site, and I used to pay a quick visit this webpage every day.

  7. gamefly says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    This site was… how do you say it? Relevant!! Finally I have found something which helped me.
    Kudos!

StartUpper of the Year Challenge

WP2Social Auto Publish Powered By : XYZScripts.com
Language Options »