Wema Bank grows earnings by 51% to N95.354 billion on loan growth

Wema Bank’s gross earnings for the third quarter ended September 30. 2022 grew by 51.17% y-o-y to N95.354 billion, from N63.077 billion, reflecting an increase in loans and advances and supported by a higher interest rate environment.  

This was on the back of a high inflation environment and currency devaluation, which the economy continues to battle.  

Nigeria’s inflation…

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