Wema Bank Plc, Nigeria’s oldest indigenous {bank}, most resilient and pioneer of Africa’s first totally digital {bank}, ALAT, has launched its unaudited consolidated {financial} statements for the half-year interval ended June 30, 2025, to the Nigerian Exchange Group (NGX).
On observe to set an unprecedented benchmark, Wema Bank’s H1 2025 Unaudited Financial Results reported exceptional {financial} upturns together with a Profit Before Tax (PBT) of ₦101.2 billion, representing a 231% enhance in comparison with ₦30.55 billion recorded within the corresponding interval of H1 2024. The Bank’s Gross Earnings additionally rose to ₦303.20 billion, reflecting a 70% enhance from H1 2024’s ₦178.63 billion. Interest Income grew by 65% year-on-year to ₦240.12 billion (H1 2024: ₦145.53 billion), whereas Non-Interest Income surged by 91% year-on-year to ₦63.08 billion (H1 2024: ₦33.10 billion).
Wema Bank’s steadiness sheet remained strong and well-structured, with complete property rising from ₦3.585 trillion in HI 2024 to ₦3.963 trillion in H1 2025; deposit base rising by 3% from ₦2.523 trillion in FY 2024 to ₦2.60trillion, and Loans and Advances rising by 19% to ₦1.426 trillion in H1 2025, in comparison with ₦1.201trillion reported in FY 2024. The Bank’s Non-Performing Loan (NPL) ratio stood at 3.17% as at H1 2025, reflecting the Bank’s continued give attention to sustaining asset high quality. These indicators not solely mirror Wema Bank’s resilience and effectivity, but in addition its robust capability to maintain its development momentum and proceed to ship optimum worth to its stakeholders.
Commenting on the excellent outcomes, Wema Bank’s Managing Director/CEO, Moruf Oseni, affirmed the Bank’s dedication to sustaining the upward development trajectory in its financials and delivering optimum worth to each stakeholder of Wema Bank. According to him, “For 80 years, Wema Bank has redefined impossible, consistently breaking new ground and raising the bar in delivering positive impact. 3 years ago, we took our Profit Before Tax from ₦14.75 billion in 2022 to ₦43.59 billion in 2023, and in 2024, our PBT stood at an impressive ₦102 billion. Now, just halfway through 2025, we have achieved over 99% of our 2024 full-year PBT in just H1, and for us, this is just a starting point”.
“As a Bank, we have remained committed to surpassing expectations and redefining limitations and this is a standard we are prepared to uphold relentlessly. Wema Bank is the Bank that works for all and we will continue to pull all stops in delivering optimum value to every stakeholder, from our shareholders to customers, employees, partners, regulators, and every person and institution who has played a part in our 80-year journey and beyond,” Oseni concluded.
For 8 a long time, Wema Bank has constructed a legacy of empowering lives, breaking untapped floor, setting business requirements, proving unmatched resilience and delivering unparalleled worth to Nigerians of all ages, from all walks of life and throughout various verticals and industries. These Unaudited Financial Results additional mirror the Bank’s power and capability to maintain its legacy within the a long time to return.
Other key profitability and effectivity metrics that additional underscore the Bank’s efficiency, as recorded within the H1 2025 Unaudited Results, embrace a 60.40% development in Return on Average Equity (ROAE), 4.64% development in Return on Average Assets (ROAA), 13.68% development in Capital Adequacy Ratio (CAR) and 47.55% development in Cost-to-Income Ratio.
Wema Bank Releases unaudited outcomes for H1 2025, Profit Before Tax climbs 231% to N101.2billion.
