Wema Bank Balance Sheet Health
Financial Health criteria checks 4/6
Wema Bank has total assets of NGN3,092.7B and total equity of NGN224.8B. Total deposits are NGN2,525.7B, and total loans are NGN1,003.3B.
Key information
13.8x
Asset to equity ratio
n/a
Net interest margin
| Total deposits | ₦2.53t |
| Loan to deposit ratio | Appropriate |
| Bad loans | 4.3% |
| Allowance for bad loans | Low |
| Current ratio | Low |
| Cash & equivalents | ₦267.94b |
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 (13.8x) is moderate.
Allowance for Bad Loans: WEMABANK has a low allowance for bad loans (69%).
Low Risk Liabilities: 88% 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 (32%).
Low Risk Deposits: WEMABANK's Loans to Deposits ratio (40%) is appropriate.
Level of Bad Loans: WEMABANK has a high level of bad loans (4.3%).