Wema Bank posts N150.9b gross earnings in Q3

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The Nation Newspaper Wema Bank posts N150.9b gross earnings in Q3

According to the results, the bank continued its growth trajectory and momentum across all key performance indicators.

Interest Income went up 61 percent to N126.67 billion as against N78.48 billion in same period of last year while non-Interest Income also jumped up 58 per cent to N24.23 billion higher than las t year’s N15.38 billion performance. In addition, our cost to income ratio at 71.11 per cent has witnessed significant improvement from the previous period.

The bank has also commenced its N40 billion Capital raising exercise with its application to Securities and Exchange Commission to approve the issue.

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