Shelter Afrique Development Bank Reports Strong 2025 Financial Performance, Achieves 20% Growth in Profitability
Business
SHELTER Afrique Development Bank (ShafDB) has announced a strong financial performance for the year ended 31 December 2025, underscoring the institution’s continued progress toward financial sustainability and its growing impact in financing affordable housing and urban development across Africa.
The Bank recorded a comprehensive profit of US$2.14 million, representing a 20% increase from US$1.79 million reported in 2024. The improved performance was supported by strong growth in lending activities, stable revenue streams, enhanced treasury performance, and gains from strategic investments.
During the year, ShafDB continued with a tempered resumption of underwriting new businesses. Loan disbursements rose by 162% to US$63 million, compared to US$24.06 million in 2024. This contributed to a 29% growth in the Bank’s net loan portfolio, which increased from US$134.78 million to US$174.08 million.
The Bank’s balance sheet strengthened further, with total assets growing by 12% to US$235 million from US$208 million in the previous year. Shareholders’ funds also increased to US$176.09 million, supported by profit generation and additional capital subscriptions from shareholders.
Despite an increase in operating expenses associated with institutional transformation and business growth, ShafDB maintained a positive comprehensive profit of US$2.14 million. Interest income remained stable at US$18.62 million, reflecting the resilience of the Bank’s core lending operations.
The most transformative milestone for the institution in 2025 was the $120 million concessional facility secured from the Arab Bank for Economic Development in Africa (BADEA). The facility under the Capital Increase Programme is designed to help Member States normalize their subscriptions and pave the way for investment-grade credit rating.
During the year, the bank was successful in mobilizing additional funding of US$50 million facility from African Export-Import Bank (Afreximbank), enhancing the Bank’s capacity to support affordable housing projects and urban infrastructure development across the continent.
ShafDB also achieved significant progress in implementing its Treasury and Capital Markets strategy. The Bank successfully established its capability to structure synthetic local currency financing solutions, helping mitigate foreign exchange risks for borrowers and improving alignment between project revenues and financing obligations.
In addition, preparations are advanced for the Bank’s inaugural FCFA 60 billion Sustainable Bond Programme in West Africa and the approval of the establishment of the US$500 million East Africa Sustainable Bond Programme, positioning local capital markets as an important source of long-term development financing.
Commenting on the results, Lionel Zinsou, Chairperson of the Board of Directors of Shelter Afrique Development Bank, said:
“The Bank’s performance in 2025 reflects the successful execution of our transformation agenda and the strength of our governance, strategy, and partnerships. Achieving profitability while significantly expanding our lending activities demonstrates the sustainability of our business model and our ability to create lasting value for our shareholders, investors, and member states. As Africa continues to urbanize at an unprecedented pace, Shelter Afrique Development Bank remains committed to mobilizing capital at scale to support affordable housing, sustainable cities, and inclusive economic growth across the continent.”
Thierno-Habib Hann, Managing Director and Chief Executive Officer of Shelter Afrique Development Bank, added:
“The 2025 results mark another important milestone in our journey to becoming Africa’s leading housing and urban development finance institution. We grew our loan portfolio by nearly 30 percent, increased disbursements by 129%, strengthened our balance sheet, and diversified our funding sources while maintaining profitability. Equally important, we laid the foundation for future growth through new capital market initiatives, local currency financing solutions, and strategic partnerships that will enable us to scale our impact and better serve our clients across Africa.”
Mr Hann further noted that the Bank will continue to focus on delivering innovative and sustainable financing solutions that address Africa’s housing deficit, support climate-resilient urban development, and improve the quality of life for millions of Africans.
“The strong momentum achieved in 2025 positions us well to accelerate implementation of our development mandate and create even greater impact in the years ahead,” he said.
Looking forward, ShafDB will continue to focus on expanding its funding base, deepening local currency financing capabilities, strengthening its presence in African capital markets, and enhancing balance sheet efficiency to support sustainable growth and long-term development impact.
A.I
June 11, 2026
Tags: Lionel Zinsou Shelter Afrique Development Bank Thierno-Habib Hann