deposit 5000
slot deposit 5000
slot gacor situs toto
togel online
toto 4d
situs slot toto 4ddemo slot gacorslot 88
slot gacor slot gacor
slot gacor
brenjitu
slot gacor
situs toto
situs toto
SITUS TOTO
situs toto
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot gacor
slot pulsa
hongkong lotto
slot gacor
brenjitu
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
slot 4d

Wema reports half year increase

Bisola David
Bisola David

Wema Bank said that its unaudited results for the six-month period ending June 30th, 2023, showed increased performance, including gross earnings of 89.09 billion, a 49% rise from the prior year (H1 2022: 59.59 billion).

While non-interest income increased 32% year over year to $12.98 billion (H1 2022: $9.85 billion), recorded interest income increased 53% year over year to 76.11 billion.

Its profit before tax climbed y/y by 97% to $12.05 billion from the reported $6.13 billion in H1 2022, while its profit after tax increased y/y by 97% to $10.48 billion from the reported $5.30 billion in H1 2022.

In comparison to the 1,165.93 billion reported in FY 2022, the bank’s total deposits increased by 19% as of H1 2023 to 1,392.85 billion, and its loans and advances increased by 20% to 627.01 billion from 521.43 billion.

In response to the findings, the bank’s managing director and chief executive officer, Moruf Oseni, stated: “Our H1 2023 results saw tremendous upsides with profit before and after tax expanding rapidly by around 97 percent. Wema Bank’s management team is concentrated on advancing the implementation of our present company plan.

“By embracing technology, we are able to provide seamless, best-in-class services while providing customers with attractive value propositions. Consequently, we are experiencing record-breaking returns everywhere.

“Last but not least, our robust loan growth is proof that we are still experiencing improvements in our corporate, commercial, and retail sectors.”

Oseni stated that the Bank’s previously approved rights issuance will start in the third quarter of 2023 due to the increased stability in the operating environment.

Wema Bank has had a strong first half of the year, with gross earnings up 49% year over year and earnings per share at 163.0 kobo.

Furthermore, compared to the prior period, our cost-to-income ratio, which is currently 72.71 percent, has significantly improved. Wema Bank is a success thanks to our efforts.


TAGGED:
Share this Article
Leave a comment

Leave a Reply

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

situs totoslot thailand situs totoslot gacor situs toto slot online situs toto demo slot gacor situs slot gacorsitus 4d situs totoslot gacorslot gacorslot gacorslot gacorslot gacor
slot gacor
slot gacor situs toto
togel online
toto 4d
situs slot slot demo pgslot 88
slot gacor slot gacor
slot gacor
brenjitu
situs toto
situs toto
SITUS TOTO
toto macau 4d
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot pulsa
hongkong lotto
slot gacor
slot gacor
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
situs totoslot gacordemo slot situs slot gacor
slot66
slot gacor
situs slot gacor
slot gacor
scatter hitam
scatter hitam
slot gacor scatter hitam
scatter hitam
situs slot gacor pulsa
situs baru slot gacor