• Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Review
  • Vacancies
Tuesday, May 30, 2023
News Ville
  • Home
  • News
    • All
    • Business
    • Politics
    • World
    Stanbic IBTC Completes Pan-African Payment System

    Stanbic IBTC Announces Fintech Subsidiary

    NOVA Merchant Bank Achieves Double Earnings Growth with Innovative Offerings

    NOVA Merchant Bank Achieves Double Earnings Growth with Innovative Offerings

    Location and Address of UBA Dubai

    UBA Expands Loan Portfolio By N605bn

    US Agency And Tony Elumelu Foundation Partner To Increase Trade

    UBA Foundation Empowers Women With Tech Skills

    CBN commends Access Bank on sustainable principles

    MFS Africa and Access Bank Partner to Expand AccessAfrica

    Wema Bank Gets New Managing Director

    Wema Bank Gets New Managing Director

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    CBN Knocks Banks, Removes ATM Maintenance Fee, Cuts Bank Charges, Others

    CBN Knocks Banks, Removes ATM Maintenance Fee, Cuts Bank Charges, Others

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Movie
    • Music
    • Sports
    N10.5m Scholarship up for Grab as UBA Foundation Extends NEC 2022 Call for Entries – Newsvilleng

    N10.5m Scholarship up for Grab as UBA Foundation Extends NEC 2022 Call for Entries – Newsvilleng

    Africa Film Academy: Epe Class Premiers Long Walk To Forever-newsvilleng

    Africa Film Academy: Epe Class Premiers Long Walk To Forever-newsvilleng

    Will Smith: Your Love For Someone Can End You, Uti Nwachukwu Cautions

    Will Smith: Your Love For Someone Can End You, Uti Nwachukwu Cautions

    Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

    Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

    Cristiano Ronaldo Breaks Another Record, Becomes Highest Goal Scorer Of All Time

    Cristiano Ronaldo Breaks Another Record, Becomes Highest Goal Scorer Of All Time

    Wizkid Reacts To Davido’s Sold Out O2 Show, Picks His Favourite Performance

    Wizkid Reacts To Davido’s Sold Out O2 Show, Picks His Favourite Performance

  • Lifestyle
    • All
    • Food
    • Health
    A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

    A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

    Health Conditions That Can Cause Erectile Disfunction In Men – newsvilleNg

    Health Conditions That Can Cause Erectile Disfunction In Men – newsvilleNg

    Meet The Tallest Woman In The World

    Meet The Tallest Woman In The World

    Presco Plc reaches new All-Time-High, gains N3.25 billion in market value

    Presco Plc reaches new All-Time-High, gains N3.25 billion in market value

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review
  • Vacancies
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • World
    Stanbic IBTC Completes Pan-African Payment System

    Stanbic IBTC Announces Fintech Subsidiary

    NOVA Merchant Bank Achieves Double Earnings Growth with Innovative Offerings

    NOVA Merchant Bank Achieves Double Earnings Growth with Innovative Offerings

    Location and Address of UBA Dubai

    UBA Expands Loan Portfolio By N605bn

    US Agency And Tony Elumelu Foundation Partner To Increase Trade

    UBA Foundation Empowers Women With Tech Skills

    CBN commends Access Bank on sustainable principles

    MFS Africa and Access Bank Partner to Expand AccessAfrica

    Wema Bank Gets New Managing Director

    Wema Bank Gets New Managing Director

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    CBN Knocks Banks, Removes ATM Maintenance Fee, Cuts Bank Charges, Others

    CBN Knocks Banks, Removes ATM Maintenance Fee, Cuts Bank Charges, Others

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Movie
    • Music
    • Sports
    N10.5m Scholarship up for Grab as UBA Foundation Extends NEC 2022 Call for Entries – Newsvilleng

    N10.5m Scholarship up for Grab as UBA Foundation Extends NEC 2022 Call for Entries – Newsvilleng

    Africa Film Academy: Epe Class Premiers Long Walk To Forever-newsvilleng

    Africa Film Academy: Epe Class Premiers Long Walk To Forever-newsvilleng

    Will Smith: Your Love For Someone Can End You, Uti Nwachukwu Cautions

    Will Smith: Your Love For Someone Can End You, Uti Nwachukwu Cautions

    Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

    Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

    Cristiano Ronaldo Breaks Another Record, Becomes Highest Goal Scorer Of All Time

    Cristiano Ronaldo Breaks Another Record, Becomes Highest Goal Scorer Of All Time

    Wizkid Reacts To Davido’s Sold Out O2 Show, Picks His Favourite Performance

    Wizkid Reacts To Davido’s Sold Out O2 Show, Picks His Favourite Performance

  • Lifestyle
    • All
    • Food
    • Health
    A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

    A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

    Health Conditions That Can Cause Erectile Disfunction In Men – newsvilleNg

    Health Conditions That Can Cause Erectile Disfunction In Men – newsvilleNg

    Meet The Tallest Woman In The World

    Meet The Tallest Woman In The World

    Presco Plc reaches new All-Time-High, gains N3.25 billion in market value

    Presco Plc reaches new All-Time-High, gains N3.25 billion in market value

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review
  • Vacancies
No Result
View All Result
News Ville
No Result
View All Result

Wema Bank Grows Earnings by 50%

August 10, 2022
in Finance, Business
ShareTweetSend
Wema Bank Grows Earnings by 50%

Related Posts

Stanbic IBTC Completes Pan-African Payment System
Finance

Stanbic IBTC Announces Fintech Subsidiary

May 20, 2023
UBA GMD, Oliver Alawuba, Increases UBA Shareholding with 9.5 Million Shares
Uncategorized

UBA GMD, Oliver Alawuba, Increases UBA Shareholding with 9.5 Million Shares

May 19, 2023
NOVA Merchant Bank Achieves Double Earnings Growth with Innovative Offerings
Business

NOVA Merchant Bank Achieves Double Earnings Growth with Innovative Offerings

May 17, 2023
Location and Address of UBA Dubai
Finance

UBA Expands Loan Portfolio By N605bn

April 14, 2023
US Agency And Tony Elumelu Foundation Partner To Increase Trade
Finance

UBA Foundation Empowers Women With Tech Skills

April 14, 2023

Wema Bank Plc has said its gross earnings rose by 50 per cent in the first half of 2021 to in the corresponding period of 2022.

WEMA BANK

The bank said a total of N39.82bn grew to N59.59bn in the corresponding period of 2022.

It said in a statement on its financial results for the period that it also grew its interest income by 55 per cent year-on-year, from the N32.19bn recorded in H1, 2021 to N49.75bn.

The bank’s non-interest income went up from N7.64bn in the period ended 30 June, 2021 to N9.85bn, an increase of 29 per cent.

Wema Bank recorded a 43 per cent increase in profit before tax from N4.30bn over the same period last year to N6.13bn for the period under review.

The bank’s profit after tax also increased from N3.72bn in H1 2021 to N5.30bn, reflecting a raise of 42 per cent.

The bank also grew its deposit by 13 per cent from N968.17bn reported in FY 2021 to N1.09tn in the H1 2022.

It grew its loans and advances from N418.86bn to N447.23bn in H1 2022, an increase of seven per cent.Related News

The Managing Director/Chief Executive officer of the bank, Mr Ademola Adebise, attributed the performance to increased customer satisfaction the bank delivers through its investment in technology.

He said, “Our performance has shown strong and promising results in the second quarter. Customers have continually shown trust in our proficiency, innovation, and service delivery even as the market gets more challenging.

“That said, I am confident, that despite increased volatility and uncertainty, we will continue to scale up, manoeuvre the environment, creatively manage our resources, and drive long-term, substantial returns for shareholders.”

In his remarks, the bank’s Chief Finance Officer, Mr Tunde Mabawonku, explained that the strong performance was from the bank’s diversification of its business and value derived from its digital assets

Mabawonku said, “This has been a strong first half with interest income up 55 per cent and profit before tax up 43 per cent compared to H1 2021.

“This strong showing is down to diversification at different levels of our businesses. Also, it is a testament to the advantage of our investment in digital banking assets which have continued to boost customer satisfaction and build trust for us.”

Breaking News

“I Built My Page With My Nyash. I Will Shake It Forever,” Instagram Influencer, Janemena

“I Built My Page With My Nyash. I Will Shake It Forever,” Instagram Influencer, Janemena

February 4, 2022
0

Nigerian dancer and Instagram influencer Usiwo Orezimena Jane, popularly known as Janemena, has revealed that she built her social media...

Regina Daniels’ Husband, Ned Nwoko Clears Air On His New Marriage, Dumping Regina Daniels

Regina Daniels’ Husband, Ned Nwoko Clears Air On His New Marriage, Dumping Regina Daniels

February 21, 2022
0

Regina Daniels' Husband, Ned Nwoko Clears Air On His New Marriage, Dumping Regina Daniels Popular businessman, honourable Ned Nwoko, has...

Odion Ighalo Gives Reason He Left His Formal Club

Odion Ighalo Gives Reason He Left His Formal Club

February 18, 2022
0

Odion Ighalo Gives Reason He Left His Formal Club Super Eagles and former Manchester United striker, Odion Ighalo, has revealed...

A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

November 22, 2021
0

It is a thing of disgrace and shame when ancertain private part starts giving off unpleasant smell. Most times, it...

Meet The Tallest Woman In The World

Meet The Tallest Woman In The World

November 1, 2021
1

Turkey's Rumeysa Gelgi has been named as the tallest woman living by Guinness World Records she stands at 215.16cm (7ft...

Sanlam, Africa’s Largest Non-Banking Financial Services Company, Launches Its Brand In Nigeria

Sanlam, Africa’s Largest Non-Banking Financial Services Company, Launches Its Brand In Nigeria

September 23, 2022
0

Sanlam, Africa’s largest non-banking financial services company, today announced the launch of its brand in the Nigeria market, rebranding FBN...

Share on FacebookShare on TwitterShare on Whatsapp

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Next Post
Jaiz Bank’s Profit Rises by 27% on Half Year

Jaiz Bank’s Profit Rises by 27% on Half Year

  • Advertise
  • Privacy & Policy
  • Contact
Call us: +234 813 466 5168

© 2021 Newsville Nigeria - Designed by Belomth Digitals.

No Result
View All Result
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Review
  • Vacancies

© 2021 Newsville Nigeria - Designed by Belomth Digitals.