Wema Bank Sustains Profitability, On Track to Surpass Previous Record

Wema Bank Plc declared a profit before tax of N154.5 billion for the unaudited half year ended June 30, 2026, representing a 53.65 percent increase from N100.6 billion in the same period of 2025. Profit after tax closed at N131.3 billion in H1 2026, up by 157 percent from N87.5 billion in H1 2025. The H1 2026 profit after tax already represents about 67.5 percent of the bank's 2025 earnings, indicating it is on track to surpass its previous profit record. The performance builds on a five-year earnings transformation that saw profit after tax rise from N8.93 billion in 2021 to N194.48 billion in 2025.

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