Wema Bank Plc on the Nigerian Exchange Limited (NGX) has emerged as the top-performing bank in the latest year-to-date (YTD) performance, recording an impressive return of 141.76 per cent as of July 2025.
This exceptional achievement highlights the bank’s strong market execution, impressive corporate earnings and innovative strategies, which have bolstered investor confidence and propelled its performance ahead of its peers.
The lender’ stock price opened for trading this year at N9.1 per share, gaining N12.9 per share or 141.76per cent to close July 2025 at N22.00 per share.
In 2024, Wema Bank also emerged as the best-performing banking stock, delivering a 62.50per cent YtD gain.
Wema Bank in its unaudited consolidated financial statements for the half-year (H1) period ended June 30, 2025, to the NGX with a remarkable financial upturns including a Profit Before Tax (PBT) of N101.2 billion, representing a 231per cent increase compared to N30.55 billion recorded in the corresponding period of H1 2024.
The Nigeria’s oldest indigenous bank, most resilient and pioneer of Africa’s first fully digital bank, ALAT declared a Gross Earnings of N303.20 billion in H1 2025, reflecting a 70per cent increase from N178.63 billion declared in H1 2024.
Wema Bank’s Interest Income closed H1 2025 at N240.12 billion, about 65per cent increase from N145.53 billion in H1 2024, while Non-Interest Income surged to N63.08 billion in H1 2025, up by 91 per cent frrrom N33.10 billion declared in H1 2024.
Wema Bank’s balance sheet remained robust and well-structured, with total assets rising from N3.585 trillion in HI 2024 to N3.963 trillion in H1 2025; deposit base growing by three per cent from N2.523 trillion in FY 2024 to N2.60trillion, and Loans and Advances growing by 19per cent to N1.426 trillion in H1 2025, compared to N1.201trillion reported in FY 2024.
The Bank’s Non-Performing Loan (NPL) ratio stood at 3.17per cent as at H1 2025, reflecting the Bank’s continued focus on maintaining asset quality.
These indicators not only reflect Wema Bank’s resilience and efficiency, but also its strong capacity to sustain its growth momentum and continue to deliver optimum value to its stakeholders.
Analysts attributed Wema Bank’s remarkable YtD performance to its effective execution of market strategies and commitment to innovation.
The bank’s digital banking platform, ALAT, has been a significant differentiator, enabling it to attract and retain tech-savvy customers. Additionally, Wema Bank’s focus on improving operational efficiency and expanding its product offerings has enhanced its competitiveness.
The bank’s consistent efforts to optimize customer experience and drive digital transformation have positioned it as a forward-thinking institution. This approach has not only boosted its financial performance, but also strengthened its market reputation, making it a preferred choice for investors seeking growth opportunities in the Tier 2 segment.
Commenting on the outstanding results, Wema Bank’s Managing Director/CEO, Moruf Oseni, affirmed the Bank’s commitment to maintaining the upward growth trajectory in its financials and delivering optimum value to every stakeholder of Wema Bank.
According to him, “For 80 years, Wema Bank has redefined impossible, consistently breaking new ground and raising the bar in delivering positive impact. 3 years ago, we took our Profit Before Tax from N14.75 billion in 2022 to N43.59 billion in 2023, and in 2024, our PBT stood at an impressive N102 billion. Now, just halfway through 2025, we have achieved over 99per cent of our 2024 full-year PBT in just H1, and for us, this is just a starting point”.
“As a Bank, we have remained committed to surpassing expectations and redefining limitations and this is a standard we are prepared to uphold relentlessly. Wema Bank is the Bank that works for all and we will continue to pull all stops in delivering optimum value to every stakeholder, from our shareholders to customers, employees, partners, regulators, and every person and institution who has played a part in our 80-year journey and beyond,” Oseni concluded.
For 8 decades, Wema Bank has built a legacy of empowering lives, breaking untapped ground, setting industry standards, proving unmatched resilience and delivering unparalleled value to Nigerians of all ages, from all walks of life and across diverse verticals and industries. These Unaudited Financial Results further reflect the Bank’s strength and capacity to sustain its legacy in the decades to come.
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