Wema Bank Plc has delivered its strongest financial performance in at least five years, reporting a remarkable surge in both gross earnings and profitability.
The bank’s audited financial statements for the year that ended on December 31, 2024, reveal that gross earnings jumped to N433.43 billion, driven by robust interest income and strategic asset expansion.
Profit before tax soared by 141% to N102.5 billion, marking a record-breaking milestone as the bank capitalized on rising interest rates and strengthened its loan and investment portfolio.