{
  "id": 8810492,
  "title": "Wema Bank Sustains Profitability, On Track to Surpass Previous Record",
  "url": "https://urgent.news/2026/09/21/wema-bank-sustains-profitability-on-track-to-surpass-previous-record",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T01:14:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/21/wema-bank-sustains-profitability-on-track-to-surpass-previous-record/"
  },
  "original_language": "en",
  "account": "Wema Bank has reported a 53.65% increase in profit before tax and a 157% increase in profit after tax for the first half of 2026 compared to the same period in 2025. This strong performance has placed the bank on track to surpass its previous profit record. The bank's earnings growth is being driven by its strong balance sheet development, higher interest income, improved credit performance, and better operating earnings. Notably, the bank's interest income reached N342.64 billion in H1 2026, indicating a 43% increase compared to H1 2025. Additionally, net interest income improved by 51.26% to N195.45 billion in H1 2026, driven by growth in earning assets and improved asset yields.",
  "summary": "Kayyode Tokede Wema Bank’s Plc for unaudited half year (H1) ended June 30, 2026 declared profit before tax of N154.5 billion, about 53.65 per cent increase from N100.6billion in half",
  "key_points": [
    "Wema Bank profit before tax up 53.65% in H1 2026",
    "Profit after tax increased by 157% compared to H1 2025",
    "Interest income rose 43% to N342.64 billion in H1 2026"
  ],
  "editors_take": "Wema Bank's sharply increased earnings, driven by a strong balance sheet and higher interest income, put it on course to beat its previous profit record.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}