Wema Bank Financial Health

Financial Health criteria checks 4/6

Wema Bank has total assets of NGN1,340.0B and total equity of NGN75.2B. Total deposits are NGN1,099.4B, and total loans are NGN461.9B.

Key information


Asset to equity ratio


Net interest margin

Total deposits₦1.10t
Loan to deposit ratio


Bad loans4.9%
Allowance for bad loans


Current ratio


Cash & equivalents₦135.15b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: WEMABANK's Assets to Equity ratio (17.8x) is moderate.

Allowance for Bad Loans: WEMABANK has a low allowance for bad loans (78%).

Low Risk Liabilities: 87% of WEMABANK's liabilities are made up of primarily low risk sources of funding.

Loan Level: WEMABANK has an appropriate level of Loans to Assets ratio (34%).

Low Risk Deposits: WEMABANK's Loans to Deposits ratio (42%) is appropriate.

Level of Bad Loans: WEMABANK has a high level of bad loans (4.9%).

Discover healthy companies