Wema Bank Plc, has recorded gross earnings of N95.345 billion in the third quarter ended September 30, 2022, representing a growth of 51.17% year-on-year, from N63.077 billion posted during the same time in 2021.
According to the bank’s unaudited financial results for the third quarter of 2022, the growth in gross earnings reflects an increase in loans and advances and supported in a challenging macro economic environment.
The result shows that Interest income grew by 55.14 percent y-o-y, benefitting from strong loan growth and a higher yield environment to N79.973 billion, from N51.550 billion in 2021.
