BREAKING: Wema Bank grows profit by 50.1% to N131.4bn in H1 2026
Wema Bank Plc on Wednesday announced its unaudited result and accounts for half year ended June 30, 2026 with profit after tax at N131.37 billion, about 50 per cent growth when compared to N87.5 billion reported in the half year (H1) ended Jun 30, 2025.
The lender on the Nigerian Exchange Limited (NGX) posted profit before tax of N154.56 billion in H1 2026, up by 53.65 per cent when compared to N100.6 billion reported in H1 2025.
Gross earnings stood at N415.09 billion in H1 20266, representing an increase of 36.9 per cent from N303.2 billion in H1 2025, driven by 42.7 per cent growth in interest income.
In terms of balance, Women Bank posted N5.76 trillion total assets as of June 30, 2026, a growth of 13.5per cent from N5.07 trillion declared in the full financial year ended December 31, 2025.
Major drivers of total assets include loans and advances to customers that closed June 30, 2026 at N2.12 trillion, about 21.7 per cent increase over N1.74trillion in 2025, while deposits from customers closed the period under review at N3.45 trillion, nearly five per cent increase over N3.29 trillion reported in 2025.
