Wema Bank Reports ₦221.85bn Profit for FY 2025
Wema Bank announced its financial results for FY 2025, declaring a profit before tax of ₦221.85 billion, which represents a 116.4% increase from ₦102.5 billion in FY 2024. The profit after tax surged to ₦194.5 billion from ₦86.2 billion the previous year.
Total assets grew to ₦5.07 trillion, reflecting a 41.5% increase from ₦3.59 trillion in FY 2024. Gross earnings rose by 52.8% to ₦660.6 billion, driven by a 62.7% growth in interest income.
The bank's loan book increased by 44.7% to ₦1.74 trillion, demonstrating sustained customer confidence and deposit growth. Wema Bank declared a dividend of ₦1.25 per share, with its Managing Director and Chief Executive Officer, Moruf Oseni, emphasizing the bank's commitment to maintaining its growth momentum.
The bank also surpassed the ₦200 billion recapitalization minimum threshold set by national authorities, positioning itself as a leader in the banking sector as it approaches its 80th anniversary in 2025.
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