{"id":31125,"date":"2019-04-08T14:03:43","date_gmt":"2019-04-08T13:03:43","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=31125"},"modified":"2019-04-08T14:03:43","modified_gmt":"2019-04-08T13:03:43","slug":"afreximbank-records-285-million-income-in-2018","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/afreximbank-records-285-million-income-in-2018\/","title":{"rendered":"Afreximbank Records $285 Million Income In 2018"},"content":{"rendered":"

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. A fully loaded truck in one of the inland dry ports Afreximbank President, Prof. Benedict Oramah, disclosed this in a statement signed by the bank\u2019s Head of Media, Mr Obi Emekekwue on Sunday in Abuja.<\/p>\n

Oramah disclosed that the sum is the bank\u2019s 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.<\/p>\n

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\u2019s 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.<\/p>

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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 underlying business while restating commitment to driving the bank\u2019s strategic objectives to strong orderly growth in assets and earnings.<\/p>\n

Photo Caption: Afreximbank President, Prof. Benedict Oramah,<\/em><\/strong><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

The African Export-Import Bank (Afreximbank) has shown strong financial and operational performance in 2018 with a total comprehensive income<\/p>\n","protected":false},"author":6,"featured_media":25804,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17,624],"tags":[907],"coauthors":[2391],"class_list":["post-31125","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-afreximbank"],"yoast_head":"\nAfreximbank Records $285 Million Income In 2018 - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/afreximbank-records-285-million-income-in-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Afreximbank Records $285 Million Income In 2018 - 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