Wema Bank Reports N221.8 Billion Profit for 2025
Wema Bank PLC's audited profit for the year 2025 reached N221.8 billion, marking a significant increase of 116.44% compared to the N102.5 billion reported in 2024. This growth was primarily driven by an increase in interest income, which totaled N576.07 billion.
The bank's loan advances contributed N348.2 billion, while investment securities accounted for N204.4 billion. Additionally, cash and cash equivalents made up N23.3 billion of the income.
Non-interest income also saw a rise, with net fees and commissions increasing to N75.5 billion from N55.5 billion in the previous year. The bank's total assets surged to N5.07 trillion, up from N3.5 trillion, with customer loans amounting to N1.7 trillion.
Shareholders' equity grew to N620.4 billion, and retained earnings reached N215 billion. Despite the strong financial performance, the bank's stock showed a modest reaction on the Nigerian Exchange, trading at N28.43 year-to-date.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
Read full article
Continue on Nairametrics
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Wema Bank Reports 116% Profit Growth to N221.85bn
Wema Bank Targets Power Sector, Aims for Tier-One Status
Wema Bank Expands Investments in Power and Mining Sectors
Wema Bank PLC Declares ₦1.25 Final Dividend for 2025
Wema Bank Surpasses CBN Recapitalization Requirement
Wema Bank Plans Diversification into Power and Mining
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
