The African Export-Import Bank (Afreximbank) has emerged on top of the Bloomberg 2019 Africa Capital Markets League Table as the leading bookrunner in Africa. The 2019 Africa Capital Markets League Tables released today by Bloomberg showed that Afreximbank was the top bookrunner for Africa borrower loans, ahead of Mitsubishi UFJ Financial Group Inc. and Standard Chartered Bank.
Afreximbank recorded a loan transaction volume of over $2.79 billion or 8.7 per cent of the market share while Mitsubishi UFJ Financial Group Inc. and Standard Chartered Bank accounted for 6.8 per cent and 6.4 per cent of the market shares respectively.
Afreximbank also ranked second among the mandated lead arrangers for Africa Borrower Loans on the League Tables, moving up one place from last year’s ranking. Its market share was 6.7 per cent on a volume of $2.51 billion. Afreximbank came in behind the Standard Bank of South Africa, which accounted for 8.1 per cent of the market share but was ahead of Eastern and Southern African Trade and Development Bank whose market share stood at 4.5 per cent.
Source: The Sun Nigeria