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 monitor to set an unprecedented benchmark, Wema Bank’s H1 2025 Unaudited Financial Results reported outstanding {financial} upturns together with a Profit Before Tax (PBT) of ₦101.2 billion, representing a 231% improve 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% improve 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 whole belongings 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 replicate Wema Bank’s resilience and effectivity, but in addition its sturdy capability to maintain its progress 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 progress 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 many years, 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 numerous verticals and industries. These Unaudited Financial Results additional replicate the Bank’s energy and capability to maintain its legacy within the many years to come back.
Other key profitability and effectivity metrics that additional underscore the Bank’s efficiency, as recorded within the H1 2025 Unaudited Results, embody a 60.40% progress in Return on Average Equity (ROAE), 4.64% progress in Return on Average Assets (ROAA), 13.68% progress in Capital Adequacy Ratio (CAR) and 47.55% progress in Cost-to-Income Ratio.
