Wema Bank has released its Full-Year 2025 audited financial results, posting a remarkable performance marked by strong growth across key indicators and reinforcing its position as one of Nigeria’s leading financial institutions.
The bank recorded a Profit Before Tax (PBT) of ₦221.85 billion, representing a 116.4% increase from ₦102.5 billion in 2024. Profit After Tax (PAT) also surged significantly by 125.4% to ₦194.5 billion, up from ₦86.2 billion in the previous year.
In a major milestone, total assets crossed the ₦5 trillion mark, reaching ₦5.07 trillion, a 41.5% rise from ₦3.59 trillion recorded in 2024, highlighting a strengthened and resilient balance sheet.
Gross earnings climbed by 52.8% to ₦660.6 billion, driven largely by a 62.7% increase in interest income, reflecting improved asset yields and expansion in the bank’s loan portfolio. Net interest income more than doubled, rising 103.9% to ₦361.0 billion, while non-interest income grew modestly by 8.3% to ₦85.3 billion.
Customer deposits rose by 30.3% to ₦3.29 trillion, underscoring sustained customer confidence and providing stable funding for the bank’s asset growth. Similarly, net loans and advances expanded by 44.7% to ₦1.74 trillion, demonstrating continued support for critical sectors of the Nigerian economy.
The bank also announced a dividend of ₦1.25 per share for shareholders.
Commenting on the results, Managing Director/CEO, Moruf Oseni, described the performance as one of the strongest in the bank’s history, citing consistent growth over the past three years and a disciplined execution strategy.
He noted that the bank had successfully exceeded the ₦200 billion recapitalisation requirement set by the Central Bank of Nigeria, further strengthening its financial standing.
Oseni also highlighted the bank’s digital innovation drive through ALAT, Africa’s first fully digital bank, with the launch of its upgraded version, “ALAT: The Evolution,” aimed at enhancing customer experience through improved intelligence, personalization, and flexibility.
Marking its 80th anniversary in 2025, Wema Bank reaffirmed its commitment to sustaining growth, deepening innovation, and leading the future of digital banking in Africa.
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