Wema Bank's H1 2025 results show stunning 231% profit surge amid market challenges

Wema Bank’s H1 2025 results reveal a remarkable 231% surge in Profit Before Tax to ₦101.2 billion, highlighting Nigeria’s oldest bank’s strong growth and resilience despite economic challenges

Wema Bank’s H1 2025 results confirm an outstanding financial performance as the bank posted a remarkable 231% increase in Profit Before Tax (PBT), reaching ₦101.2 billion for the first half of 2025.

Also read: Wema Bank crowned ‘Commercial Bank of the Year’ at 2025 Nairametrics Capital Market Awards

This surge reflects the bank’s unwavering resilience and effective strategies in Nigeria’s competitive banking sector.

The oldest indigenous bank in Nigeria and pioneer of Africa’s fully digital bank, ALAT, reported gross earnings of ₦303.20 billion — a 70% growth compared to the same period last year.

Interest income rose 65% to ₦240.12 billion, while non-interest income jumped 91% to ₦63.08 billion, signaling diverse revenue streams powering the bank’s growth.

Wema Bank’s robust balance sheet showed total assets climbing to ₦3.963 trillion, a significant rise from ₦3.585 trillion in H1 2024.

Deposits grew 3% to ₦2.60 trillion, while loans and advances surged 19% to ₦1.426 trillion, demonstrating strong operational momentum.

Managing Director and CEO Moruf Oseni praised the milestone, saying, “For 80 years, Wema Bank has redefined impossible, consistently breaking new ground and delivering positive impact. Achieving over 99% of our 2024 full-year PBT within just six months of 2025 is a testament to our relentless commitment.”

The bank maintained a low Non-Performing Loan (NPL) ratio of 3.17%, reflecting prudent risk management and asset quality.

Wema Bank’s other key metrics also showed marked improvement, including a 60.40% increase in Return on Average Equity (ROAE), a 4.64% growth in Return on Average Assets (ROAA), and a 13.68% rise in Capital Adequacy Ratio (CAR).

Also read: Wema Bank achieves elevated credit ratings from Fitch

This impressive financial upturn underscores Wema Bank’s powerful legacy of empowering lives and setting new industry benchmarks as it continues to deliver exceptional value to stakeholders across Nigeria.