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 loans4.9%
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%).


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