Wema Bank Plc has printed its {financial} outcomes for the primary quarter of 2025, reporting a pre-tax revenue of N41.1 billion, fueled by a rise in curiosity earnings.
This represents a 269.14% enhance in comparison with the pre-tax revenue of N11.1 billion from the identical quarter in 2024.
Curiosity earnings rose to N110.3 billion, displaying a development of 58.92% from N69.4 billion reported the earlier yr.
The {bank} additionally famous a rise in curiosity bills to N53.7 billion in Q1 2025, an increase of 24.04%.
After accounting for impairment prices on credit score losses, web curiosity earnings stood at N54.7 billion, reflecting a 119.14% rise within the first quarter.
On the stability sheet, the {bank}’s complete property elevated to N3.6 trillion from N3.5 trillion, whereas retained earnings rose to N139 billion, a development of 34.67%.
As of the buying and selling day ended twenty ninth April 2025, shares of Wema Bank have been priced at N13.75, representing a year-to-date efficiency of 51.1%.
