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Home Markets Equities Company Results

Wema Bank Plc reports 135% growth in Net Profit for the nine months period ended 30 September, 2021

Chidinma Anyalewechi by Chidinma Anyalewechi
October 30, 2021
in Company Results, Markets
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Wema Bank Plc has released its nine months unaudited financial statement for the period ended 30th of September, 2021.

  • Interest income during the period was N51.55 billion. (+11.11% YoY)
  • Interest expense for the period was N23.10 billion. (-12.15% YoY)
  • Net interest income for the period was N28.45 billion
  • Net Fee and commission income during the period was N8.72 billion. (+68.95% YoY)
  • Operating income of N39.17 billion was recorded.
  • Profit before tax was reported as N7.21 billion. (+135.78%)
  • Profit after tax for the period was N6.24 billion. (+135.77%)
  • Total assets during the period stood above N1 trillion.
  • Earnings per share of 21.6 kobo Vs 9.2 kobo.

See full result here

Tags: Wema Bank Plc
Chidinma Anyalewechi

Chidinma Anyalewechi

For further inquiries about this article, contact: Email: chidinma.anyalewechi@nairametrics.com LinkedIn: linkedin.com/in/chidinma-anyalewechi-a323ab173/

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