By Cynthia Alo

Wema Bank has declared that it would sustain its impressive financial performance and business growth momentum in the coming years on the heels of its 2025 financial results.

Commenting on the remarkable performance, the bank’s Managing Director/Chief Executive Officer, Moruf Oseni, also said the bank would continue to deliver superior value to all its stakeholders.

Wema Bank recorded strong revenue growth in 2025, with gross earnings increasing by 52.8% to N660.6 billion from N432.3 billion in 2024.

This performance was largely driven by a 62.7% growth in interest income, reflecting improved yields on earning assets and growth in the loan book.

Net interest income more than doubled, rising by 103.9% to N361billion, supported by improved asset pricing and balance sheet expansion.

Non-interest income grew modestly aby 8.3% to N85.3 billion, supported by transaction banking activities, digital banking revenues, and FX-related income.

Overall, the strong growth across core revenue lines translated to a 79.6% increase in operating income, which rose to N420.6 billion.

Operating income growth reflects the bank’s improved revenue generation capacity and stronger contribution from core banking operations. The increase was primarily supported by growth in funded income as well as stable expansion in fee-based income streams. The significant improvement in operating income also supported profitability, with profit before tax rising by 116.4% to N221.9 billion, while profit after tax increased by 125.4% to N194.5 billion, demonstrating strong earnings conversion.

Reflecting on these figures, Oseni stated: “This performance reflects disciplined execution, a resilient business model, and the unwavering commitment of our people.”

He explained that digital innovation remains a central driver of the bank’s momentum, highlighting the launch of ALAT 2.0 as a major strategic leap. “With ALAT 2.0, we are redefining the digital banking experience through enhanced intelligence, deeper personalization, and greater flexibility. It strengthens our position as a leading digital-first bank and expands our capacity to serve customers more intuitively and at scale.

Complementing the bank’s strong earnings performance, he added that Wema Bank has successfully completed its capital raise, fully meeting the Central Bank of Nigeria’s recapitalization requirements well ahead of the regulatory deadline, further positioning the bank for sustained growth and long-term stability.

The bank will pay dividend per share of N1.25.