Wema Bank dips by 2.7% to N5.1b in 2020
By Ngozi Onyeakusi——- Wema Bank Plc, has reported 2.66% decline in its profit to N5.062 billion the period ended 31st December, 2020 agains N5.2 billion recorded in 2019.
The lender equally recorded 14.79 decline in group gross earnings to N80.852 billion from N94.890 billion in 2019.
Other highlights of the result showed that interest income dropped to N64.737 billion from N70.682 billion in 2019, net impairment loss on financial assets was reduced to N4.186 billion from N6.131 billion in 2019.
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