Jude00Z:
JagabanB
your comment is needless... You don't have to let your insecurity stink on every thread.

It's always needless until it's bad news then u all come out to celebrate, in 2026, u will tell us u love Nigèria.

Wema is raking in Billions of Profit, garnered from shady ways, by supporting illegal ponzi schemes that defraud people of their money. Yes Wema Bank is doing well indeed

This is above your pay grade. Run along

Kachidubem:

Oshey... economic expert.

Aka WEMA CEO.
Aka Sabinus
Aka Charles soludo

You go open mouth dey talk nonsense

kingsways:
The profit we are talking about here in in Naira and because Naira lost 100% of it's value during the perod, they havent really grown by so much in Dollar terms.


To see a good picture, you have compare their performance last year with that of this year in DOllar terms

But transactions were done in naira, so it really doesn't change the fact they made gains.

Cool

I'm not surprised,that Bank is doing well. Wema Bank is still clearly underrated by some people who are not well informed. The Bank is arguably,one of the very best in Nigeria in terms of customers services and others. The Bank's staff members have always impressed me with their prompt services and this unique sense of respect for customers; it's really cool.

I had thought that kind of topnotch service was reserved only for their customers here in Lagos until I experienced same in their Osogbo branches. Just yesterday,I was at their Igbona branch for a little transaction. The lady who attended to me,a cashier, Latifat, I couldn't see her last name properly,was so pleasant and highly professional in her conduct. She wowed me ! I only informed her that I would prefer to be paid with N500 denomination,this lady did not only pay me with just anyhow N500 denomination,but new notes ! Why this was a big deal is that,I had earlier made similar request in another bank that I won't like to mention its name here,but the cashier there was kind of rude - "that is what we have (N1000),next,please" ! Anyway,I put her in her miserable place before I left that Bank. Even the first call I received earlier today was that of the branch service manager.

Wema Bank is doing very fine;my honest and humble opinion.

Wetin dem sell YoY under review. Partakers of round trippings, claiming 130%

They should shut up, they cannot fix ordinary bank transfer to same WEMA, believe everything you see in the media at your own peril

ImDStar:
Beautiful.
Can anyone please educate me more on wema bank ALAT and it genuineness?

Alat is Wema Bank and Wema Bank is Alat so feel free to download Alat and enjoy seamless financial services.

princeemma69:
Why is it only banks are the companies making profits in the Tinubu regime? Should please explain

. BECAUSE ALL THE TILUNBULATION NEGATIVE POLICIES FAVOUR THEM, BANKS ARE CURRENTLY RAKING IN BILLIONS PROFITS THESE PEOPLE. CHECK OUT RENDING RATE, CHECK OUT ALL OTHER INDICES.

Nigeria no good for business and some businesses are making profit. Perspective matters in life, if you look from negative angle you will see negative result and if you see from positive angle you will positive result. That is the power of perspective

princeemma69:
Why is it only banks are the companies making profits in the Tinubu regime? Should please explain

.

BECAUSE ALL THE TILUNBULATION NEGATIVE POLICIES FAVOUR THEM, BANKS ARE CURRENTLY RAKING IN BILLIONS PROFITS, THESE PEOPLE ARE REALLY MAKING IT THIS PERIOD. CHECK OUT RENDING RATE, CHECK OUT ALL OTHER INDICES AND PERAMETERS.

JagabanB:
Naysayers will not be happy, they want everything to be bàd so they can rejoice.

King of shitty talk.

With fraudulent transactions through flutterwaive.

All the scammers uses wema bank to defraud people. Example hello bike, wine, farming etc all uses wema bank to defraud their victims. A wondering if the bank manager knows something about it.

The bank has been skyrocketing since when Mr Moruf Oseni took over, the man is a Don.

UDOKABESTLUV:
Like Seriously?

princeemma69:
Why is it only banks are the companies making profits in the Tinubu regime? Should please explain

Don't you see the charges these banks are taking from our accounts without corresponding service?

missionmex:

King of shitty talk.

Truth hits differently.

MS2471:
Odua group of companies


Best e cormerce payment solution

Many of the loan apps use them.

You also have a $500 limit on their Naira debit card monthly.

With Providus bank, it is $1,000

Obviouslyblunt:
I think this is a sponsored post with sponsored posters.

very obvious

Intrepid01:
This is inorganic growth, all naija banks will declare profit this year end. It is due to favourable movement in foreign exchange for them. Just wait till the end of 2024 and you’ll see the real state of their performance.

Do not exhibit your stupidity.
CBN has warned them not to chop the profit gotten due to the currency revaluation.

Look for something else to cry on or better still go to a beer parlour where you can be the C Ronaldo with your limited knowledge.

princeemma69:
Why is it only banks are the companies making profits in the Tinubu regime? Should please explain

they are selling dollars almost at same rate as aboki. So, many people wey for dey patronise aboki, don dey patronise banks.

Aboki lose money, banks now again. Unlike before banks had no dollars and were directing all the demands to aboki, bureau de change were making the real money.


Na to own bank for Tinubu regime sure pass.

ppogba:


Do not exhibit your stupidity.
CBN has warned them not to chop the profit gotten due to the currency revaluation.

Look for something else to cry on or better still go to a beer parlour where you can be the C Ronaldo with your limited knowledge.

what should they do with profit gotten from currency revaluation? Issue loans? Fund mortgage? Just what?

See the full list of banks and their profit made for H1 2023.

10. Sterling Bank

Profit 2022 H1: N8,013 million
Profit 2023 H1: N10,680 million
Sterling Bank initiates our list with a 33.3% year-over-year profit growth. The bank retained the last position same as it did in the corresponding period in 2022,

9. Union Bank of Nigeria (UBN)

Profit 2022 H1: N11,711 million
Profit 2023 H1: N12,633 million
UBN shows a modest 7.9% profit increase, indicating stable performance. Their profit growth is the lowest in the sector. The bank is also going through a transition period with new owners taking over.

8. FCMB (First City Monument Bank)

Profit 2022 H1: N13,663 million
Profit 2023 H1: N35,410 million
FCMB experienced a significant 159.4% surge in profits, marking it a high-growth bank. They are however still rooted at the 8th position as it were last year.

7. Fidelity Bank

Profit 2022 H1: N23,307 million
Profit 2023 H1: N61,995 million
Fidelity Bank’s profits shot up by 165.9% as its profit was helped by a spike in income from its forex business. However, it retained its 7th position from last year.

6. Stanbic IBTC

Profit 2022 H1: N30,669 million
Profit 2023 H1: N67,919 million
Stanbic IBTC posted a profit growth of about 121.5%, highlighting the impact of the gain from its forex business. It also retained the 6th position.

5. FBNH (FBN Holdings)

Profit 2022 H1: N56,602 million
Profit 2023 H1: N187,237 million
FBNH exhibited a considerable 230.7% profit growth, also mostly due to gains in its forex division. Its 230.7% spike in profits was the third highest in the period under review. It was also 5th this time last year.

4. Access Holdings

Profit 2022 H1: N95,486 million
Profit 2023 H1: N135,439 million
Access Bank secured the fourth rank with a solid 41.8% profit growth. The largest bank in Nigeria by total assets dropped two notches from its second position this time last year in terms of profits after tax.

3. GTCO (Guaranty Trust Holdings)

Profit 2022 H1: N77,557 million
Profit 2023 H1: N280,482 million
GTB’s profits escalated by a staggering 261.6% growth in pre-tax profits also on the back of its strong forex business. Despite the incredible growth in profits, it remained in third position.

2. Zenith Bank

Profit 2022 H1: N111,413 million
Profit 2023 H1: N291,731 million
Zenith Bank followed closely with a 161.8% increase in profits as its forex business also helped boost profits. However, for the first time since 2020, Zenith is losing this position to another bank that is not GTB. Zenith’s ceding of second position could also be due to the huge loan impairment charge it incurred during the year

1. UBA (United Bank for Africa)

Profit 2022 H1: N70,334 million
Profit 2023 H1: N378,235 million

Ebubu:
what should they do with profit gotten from currency revaluation? Issue loans? Fund mortgage? Just what?

All banks have provision for reserve in their accounting books.

What sense does it make to wet the appetite of shareholders this FY with astronomical dividends due to currency revaluation only to throw them under the bus when same is not available next FY?

Thanks to Davido

ppogba:


All banks have provision for reserve in their accounting books.

What sense does it make to wet the appetite of shareholders this FY with astronomical dividends due to currency revaluation only to throw them under the bus when same is not available next FY?

Omo I’m a pharmacist. I don’t understand banking terms. I didn’t understand a thing you said. I’m in the medical line.

2mch:
Nice one. GTB has been on a steady decline since that new CEO. The board need to sack her before she destroy the bank.

Which GTB?
Una don come with una half baked fact.

Do not argue what you don't know.

ImDStar:
Beautiful.
Can anyone please educate me more on wema bank ALAT and it genuineness?

Very fast and reliable.

Ebubu:

Omo I’m a pharmacist. I don’t understand banking terms. I didn’t understand a thing you said. I’m in the medical line.

That was why I tried to simplify it.

Even in your personal life, you know what it means when someone has a reserve.

ppogba:


Which GTB?
Una don come with una half baked fact.

Do not argue what you don't know.

It’s my bank and my money was stolen from there. That never happened before this CEO. The security in that bank is not what it used to be.

VEHINTOLAR:
I'm not surprised,that Bank is doing well. Wema Bank is still clearly underrated by some people who are not well informed. The Bank is arguably,one of the very best in Nigeria in terms of customers services and others. The Bank's staff members have always impressed me with their prompt services and this unique sense of respect for customers; it's really cool.

I had thought that kind of topnotch service was reserved only for their customers here in Lagos until I experienced same in their Osogbo branches. Just yesterday,I was at their Igbona branch for a little transaction. The lady who attended to me,a cashier, Latifat, I couldn't see her last name properly,was so pleasant and highly professional in her conduct. She wowed me ! I only informed her that I would prefer to be paid with N500 denomination,this lady did not only pay me with just anyhow N500 denomination,but new notes ! Why this was a big deal is that,I had earlier made similar request in another bank that I won't like to mention its name here,but the cashier there was kind of rude - "that is what we have (N1000),next,please" ! Anyway,I put her in her miserable place before I left that Bank. Even the first call I received earlier today was that of the branch service manager.

Wema Bank is doing very fine;my honest and humble opinion.

Tell them to desist from the idea of charging N6.98 each time you make an attempt to use their payment channels whether the transaction sails through or not. The moment attempt any transaction with their 935, you will be charged whether the transaction fails or succeeds. They are the only bank I know that does that.

I am a customer and a shareholder with substantial shares in case you want to insult me.