Wema Bank's Profit Surges 124% to N193bn in 2025 Financial Year

Wema Bank Plc has announced a remarkable 124% surge in profit to N193 billion for the 2025 financial year, compared to N86.28 billion in 2024. The bank's audited financial statement for the year ending December 31, 2025, reveals improved performance attributed to increased interest income, higher loan creation, and expanded customer deposits.

Interest income rose by 62.7% to N577.10 billion in 2025 from N354.63 billion in the previous year, reflecting growth in interest-earning assets and improved yields. Net interest income grew by 103.4% to N360.10 billion compared to N177.06 billion in the prior year.

Despite a rise in operating costs, the bank's operating income surged by 76.5% to N413.33 billion, partly offset by a 54.3% increase in personnel costs. Profit before tax increased by 116.6% to N222.07 billion, settling at N193.19 billion after tax.

Wema Bank's total assets expanded by 40.8% to N5.06 trillion, with loans to customers growing by 45.4% to N1.75 trillion, underscoring robust credit expansion. Customer deposits also rose by 30.1% to N3.28 trillion, reflecting enhanced customer confidence and contributing to a 142.4% increase in total equity attributable to shareholders.