Wema Bank Plc has announced its audited financial results for the 2025 financial year, delivering a strong performance marked by significant growth across major indicators.
The bank recorded a Profit Before Tax (PBT) of ₦221.9 billion, more than doubling the ₦102.5 billion reported in 2024, representing a 116.4% increase. Profit After Tax (PAT) also rose sharply by 125.4% to ₦194.5 billion, up from ₦86.2 billion in the previous year.
Total assets climbed to ₦5.07 trillion, a 41.5% increase from ₦3.59 trillion in 2024, underscoring the bank’s expanding balance sheet and improved resilience. Gross earnings grew by 52.8% to ₦660.6 billion, driven largely by a 62.7% rise in interest income due to higher yields on earning assets and expansion in the loan portfolio.
Customer deposits increased by 30.3% to ₦3.29 trillion from ₦2.52 trillion, reflecting sustained customer confidence and providing a stable funding base for continued growth. Net interest income surged by 103.9% to ₦361.0 billion, while non-interest income recorded a modest growth of 8.3% to ₦85.3 billion.
Loans and advances also expanded significantly, rising by 44.7% to ₦1.74 trillion from ₦1.20 trillion, highlighting the bank’s continued support for key sectors of the economy alongside prudent risk management practices. The bank proposed a dividend of ₦1.25 per share for shareholders.
Speaking on the results, Managing Director and Chief Executive Officer, Moruf Oseni, described the performance as one of the strongest in the bank’s history. He noted that the bank’s PBT has grown consistently over the past three years, from ₦14.75 billion to over ₦221 billion in 2025, while total assets have expanded from ₦1 trillion in 2021 to over ₦5 trillion.
Oseni added that the bank had exceeded the ₦200 billion recapitalisation threshold required for nationally licensed banks by the Central Bank of Nigeria as of September 2025, reinforcing its financial strength and long-term stability.
He also highlighted the bank’s digital innovation drive, particularly through ALAT by Wema, Africa’s first fully digital bank, noting that the upgraded platform, “ALAT: The Evolution,” is set to further enhance customer experience through improved intelligence, personalisation, and flexibility.
With over 80 years of operations, Wema Bank said its latest results reflect disciplined execution, a resilient business model, and its commitment to leading the future of banking in Africa.
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