Suggestions




·

Wema Bank Survives 60% Decline in Securities Investment As Topline Outpaces Expenses

March 2, 2026
by
Wema Bank In Search Of N25 billion, Target Private Investors

Wema Bank recorded N653,28 billion gross earnings in 2025, according to the company’s consolidated and separate financial statements for the period ended December 31, 2025, surpassing the N433.43 billion generated in 2024.

The gross earnings rose by 31 percent following a 62.73 percent increase in Wema Bank’s interest income, which was almost triple the company’s interest expense growth of 22.20 percet during the period under review.

Join our WhatsApp Channel

In the financial statement, Wema Bank earned N577.10 billion as interest income in 2025, compared to the N354.63 billion reported the previous year, while interest expense gulped N216.99 billion last year, exceeding the N177.56 billion paid out to customers in 2024.

With interest income overshadowing interest expense, the lender’s net interest income increased by 103.37 percent year-on-year, from N177.06 billion to N360.10 billion.

However, it recorded N22,95 billion as net impairment loss on financial assets in 2025, compared to the N21.64 billion suffered in 2024, indicating a 6.04 percent increase, with net interest income after impairment charge for credit losses rising by 116.93 percent, from N155.41 billion to N337.14 billion.

In addition, Wema Bank recorded a 60.22 percent decline in net loss on FVTPL investment securities, which dropped from N2.49 billion in 2024 to N993.24 million last year.

The company also saw a marginal growth in net fee and commission income, as it increased by 4.21 percent year-on-year to N57.91 billion, from N55.57 billion, while net trading income skyrocketed by 143.73 percent to N8.38 billion, from N3.44 billion.

However, other income declined to N8.88 billion in 2025, compared to the N17.28 billion generated in the year before, indicating a 48.61 percent drop.

Regardless, the company grew its operating income by twofold or 76.47 percent, as it increased from N234.21 billion in 2024 to N413.32 billion in 2025.

During the period under review, Wema Bank recorded N222.06 billion as profit before tax (PBT), compared to the N102.51 billion earned in 2024, representing a 116.61 percent growth.

This dropped further after the deduction of N28,87 billion income tax, which jumped by 77.85 percent to surpass the N16.23 billion paid as tax in 2024.

Consequently, Wema Bank reported a N193,18 billion net income in 2025, exceeding the N86.27 billion profit after tax (PAT) recorded in 2024, indicating a 123.91 percent growth.

For press releases, tip-offs, and corporate information, call 08149575257 (hotline), email: editor@primebusiness.africa and publisher@primebusiness.africa

+ posts

Prime Business Africa

Leave a Reply

Your email address will not be published.

Related Posts

Previous Story

Anambra Stakeholders Split Over Soludo’s ‘One-Sided’ Project Implementation

Next Story

DSS Arrests Suspect Over Alleged Attack on Obi

Featured Stories

Related Posts

Latest from Business

Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

NGX Market Cap Rises To N125.48trn — Up By N1.72trn

On Monday, March 2, the Nigerian Exchange (NGX) recorded a N1.72 trillion increase in its market capitalisation, which rose to N125.48 trillion from N123.76 trillion on Friday, February 27. The market capitalisation increased by 1.39 percent after the all-share index (ASI) expanded
Dangote Cement

Dangote Cement Records 20% Increase in 2025 Revenue

Dangote Cement Plc reported a 20.3 percent rise in revenue to 4.31 trillion naira ($2.7 billion) for the year ending Dec. 31, 2025, driven by higher prices in key markets, the company said in a filing to the Nigerian Exchange Limited. The
Why Nigerian Airlines Have Been Unable To Compete With Foreign Operators - Keyamo  

US-Iran Strikes Disrupt Nigeria–Middle East Flight Routes

Flights between Nigeria and several Middle East destinations were disrupted on Saturday after multiple countries shut their airspace following United States and Israeli strikes on Iran, airport authorities said. The Federal Airports Authority of Nigeria (FAAN) said the closures were already affecting
Previous Story

Anambra Stakeholders Split Over Soludo’s ‘One-Sided’ Project Implementation

Next Story

DSS Arrests Suspect Over Alleged Attack on Obi

Don't Miss

super falcons

Int. Friendly: Oluwatosin Demehin Ruled Out As Falcons Battle France Today

Nigeria international and Galatasaray defender, Oluwatosin Demehin, will be missing

Super Eagles Begin Training Ahead AFCON Qualifier Against Liberia

Ahead of the Super Eagles of Nigeria 2023 Africa Cup