Wema Bank released its financial results for the nine months ended 30 September 2015.
The result showed that Net interest income reduced by 28.50% from N18.5 billion in Q3’2014 to N13 billion in Q3’2015.
The result also showed that Pre-tax profits dropped by 50.60% from N3 billion in Q3’2014 to N1.5 billion in Q3’2015.
See summary of result below..
|WEMA BANK Q3 2015||Sep-15||Sep-14||% Change|
|Net Interest Income||13,264||18,551||-28.50%|
|Commision Fees & Other Income||3,774||5,218||-27.67%|
|Profit After Tax||1,299||2,372||-45.24%|
|Share Price(as at press time)||N0.99|