By Ayomide Oitoju
Wema Bank has released its audited financial results for the 2025 financial year, reporting strong growth across key performance indicators, including a Profit Before Tax (PBT) of ₦221.9 billion and total assets exceeding ₦5 trillion.
The bank’s PBT more than doubled from ₦102.5 billion in 2024, representing a 116.4 per cent increase. Profit After Tax (PAT) rose by 125.4 per cent to ₦194.5 billion, up from ₦86.2 billion recorded in the previous year.
Total assets grew by 41.5 per cent to ₦5.07 trillion, compared to ₦3.59 trillion in 2024, underscoring a strengthened balance sheet. Gross earnings also increased by 52.8 per cent to ₦660.6 billion, driven largely by a 62.7 per cent rise in interest income, reflecting improved yields on earning assets and expansion of the bank’s loan portfolio.
Customer deposits rose by 30.3 per cent to ₦3.29 trillion from ₦2.52 trillion, indicating sustained customer confidence and providing stable funding for asset growth. Net interest income surged by 103.9 per cent to ₦361 billion, while non-interest income recorded a modest increase of 8.3 per cent to ₦85.3 billion.
Net loans and advances climbed by 44.7 per cent to ₦1.74 trillion, highlighting the bank’s continued support for key sectors of the economy alongside prudent risk management practices.
The bank also announced a proposed dividend of ₦1.25 per share for shareholders.
Commenting on the performance, Managing Director and Chief Executive Officer, Moruf Oseni, described the results as one of the strongest growth trajectories in the bank’s history.
He noted that the bank’s PBT has grown significantly over recent years, rising from ₦14.75 billion three years ago to ₦221 billion in 2025, while total assets expanded from ₦1 trillion in 2021 to over ₦5 trillion.
Oseni added that the bank had also surpassed the ₦200 billion recapitalisation requirement for commercial banks with national licences set by the Central Bank of Nigeria.
He further highlighted the bank’s 80th anniversary milestone in 2025 and the continued evolution of its digital banking platform, ALAT, which remains a key driver of innovation and growth.
According to him, the upgraded version, “ALAT: The Evolution,” is designed to enhance customer experience through improved personalisation, intelligence, and flexibility, positioning the bank to play a leading role in the future of digital banking in Africa.
Wema Bank said its sustained growth reflects disciplined execution, a resilient business model, and a commitment to meeting the evolving needs of customers in an increasingly digital financial landscape.
