Wema Bank Showcases Strong Q3 Performance, Records 174% YoY Profit In Q3 …C0NTINUE READING HERE >>>
Wema Bank Nigeria has released its unaudited Consolidated Financial Statements for Q3 2024, showing a remarkable 174 per cent year-on-year (YoY) growth in profit before tax to ₦60.62billion.
The bank’s balance sheet expanded by 38 per cent to ₦3.084 trillion, while deposits grew 23 per cent to ₦2.292 trillion. Loans and Advances increased by 25 per cent to ₦1.003 trillion. Non-Performing Loans (NPL) stood at 3.19 per cent.
Gross Earnings surged 91 per cent to ₦288.32…
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