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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 |
| N’m | N’m | ||
| Net Interest Income | 13,264 | 18,551 | -28.50% |
| Commision Fees & Other Income | 3,774 | 5,218 | -27.67% |
| Operating Expenses | -15,845 | -19,921 | -20.46% |
| Pre-tax profits | 1,528 | 3,093 | -50.60% |
| Profit After Tax | 1,299 | 2,372 | -45.24% |
| Share Price(as at press time) | N0.99 |
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