Wema Bank Posts Record ₦221.9bn Profit, Declares ₦1.25 Dividend as Assets Hit ₦5tn

Wema Bank Posts Record ₦221.9bn Profit, Declares ₦1.25 Dividend as Assets Hit ₦5tn

LAGOS — Wema Bank Plc has announced its audited financial results for the full year ended 2025, reporting a significant surge in profitability and balance sheet growth, with Profit Before Tax (PBT) rising to ₦221.9 billion and total assets crossing the ₦5 trillion threshold.

The bank’s latest results show a 116.4 per cent increase in PBT from ₦102.5 billion recorded in 2024. Profit After Tax (PAT) also grew strongly by 125.4 per cent to ₦194.5 billion, compared to ₦86.2 billion in the previous year, underscoring what the lender described as one of its strongest growth performances in recent history.

Gross earnings climbed by 52.8 per cent to ₦660.6 billion from ₦432.3 billion in 2024, driven largely by a 62.7 per cent rise in interest income, reflecting improved yields on earning assets and expansion of its loan portfolio.

Total assets increased by 41.5 per cent to ₦5.07 trillion, up from ₦3.59 trillion in the prior year, while customer deposits rose by 30.3 per cent to ₦3.29 trillion, indicating sustained customer confidence and providing stable funding for continued growth.

The bank’s net interest income more than doubled, rising by 103.9 per cent to ₦361.0 billion, supported by enhanced asset pricing and balance sheet expansion. Non-interest income recorded a modest increase of 8.3 per cent to ₦85.3 billion.

Net loans and advances grew by 44.7 per cent to ₦1.74 trillion, reflecting the bank’s continued support for key sectors of the economy while maintaining prudent risk management practices.

In line with its strong performance, the bank proposed a dividend of ₦1.25 per share for shareholders.

Commenting on the results, Managing Director/Chief Executive Officer, Moruf Oseni, said the bank’s performance reflects disciplined execution, a resilient business model, and sustained strategic growth.

He noted that the bank’s PBT has grown significantly over the past three years—from ₦14.75 billion to ₦43.59 billion in 2023, ₦102 billion in 2024, and now ₦221 billion in 2025—while total assets expanded from ₦1 trillion in 2021 to over ₦5 trillion.

Oseni also disclosed that the bank surpassed the ₦200 billion recapitalisation threshold set by the Central Bank of Nigeria for commercial banks with national authorisation as of September 2025.

He added that the lender’s 80th anniversary milestone in 2025 coincided with the rollout of “ALAT: The Evolution,” an upgraded version of its flagship digital banking platform, ALAT, designed to enhance personalisation, intelligence and flexibility in digital financial services.

Founded over eight decades ago, Wema Bank remains one of Nigeria’s leading financial institutions, with a growing footprint driven by innovation and digital transformation, positioning it to play a key role in shaping the future of banking in Africa.