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
17.8x
Asset to equity ratio
n/a
Net interest margin
| Total deposits | ₦1.10t |
| Loan to deposit ratio | Appropriate |
| Bad loans | 4.9% |
| Allowance for bad loans | Low |
| Current ratio | Low |
| 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%).