Wema Bank Plc posts N4.6 billion profit in FY 2020.

Wema Bank Plc has released its full-year audited results for the period ended 31st of December, 2020.

  • Net interest income after adjusting for impairment charges was N25.2 billion. (+27% YoY)
  • Net fee and commission income of N8.4 billion. (+5.3% YoY)
  • Operating income of N42.05 billion. (-4.6% YoY)
  • Personnel expenses totaled N14.1 billion. (-5.3% YoY)
  • Profit for the year was N4.6 billion. (-12% YoY)
  • Earnings per share of 12 kobo Vs 14 kobo YoY.
  • Total shareholders fund of N59.31 billion (+7.14% YoY)
  • A final dividend of 4 kobo was proposed by the board.

See link to results.

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