Wema Bank Plc reports 135% growth in Net Profit for the nine months period ended 30 September, 2021

Wema Bank Plc has released its nine months unaudited financial statement for the period ended 30th of September, 2021.

  • Interest income during the period was N51.55 billion. (+11.11% YoY)
  • Interest expense for the period was N23.10 billion. (-12.15% YoY)
  • Net interest income for the period was N28.45 billion
  • Net Fee and commission income during the period was N8.72 billion. (+68.95% YoY)
  • Operating income of N39.17 billion was recorded.
  • Profit before tax was reported as N7.21 billion. (+135.78%)
  • Profit after tax for the period was N6.24 billion. (+135.77%)
  • Total assets during the period stood above N1 trillion.
  • Earnings per share of 21.6 kobo Vs 9.2 kobo.

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