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Last 0.89 NGN
Change Today 0.00 / 0.00%
Volume 2.5M
As of 9:31 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

wema bank plc (WEMABANK) Snapshot

Open
0.89
Previous Close
0.89
Day High
0.89
Day Low
0.85
52 Week High
04/2/15 - 1.12
52 Week Low
08/20/15 - 0.77
Market Cap
35.1B
Average Volume 10 Days
2.1M
EPS TTM
0.06
Shares Outstanding
39.5B
EX-Date
09/30/04
P/E TM
14.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for WEMA BANK PLC (WEMABANK)

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wema bank plc (WEMABANK) Details

Wema Bank Plc provides banking and other financial services to corporate and individual customers in Nigeria. The company offers current and saving accounts, hybrid accounts, and term deposits; consumer loans; and collection services. It also provides commercial banking services, including overdraft and credits, drawing against uncleared effects, salary advance, direct credit, revolving credit, warehouse financing, contingent liabilities, letters of credit, banker’s acceptances, invoice discounting/receivable refinancing, and relationship management services; and trade services, such as form M and NXP processing, bills for collection, shipping documents handling, trade finance, invisible trade, offshore guarantee, and advisory services. In addition, the company offers loans and financing services comprising overdraft, corporate finance, invoice discounting, term loans, and agri finance services, as well as off balance sheet, import financing, cheque discounting, and finance leasing facilities; investment products, including bond investments and foreign exchange products; and revenue collection services. Further, it provides small and medium scale enterprise (SME) investments and financial advisory services; SME loans; foreign exchange, cash management, retail management, and integrated revenue services; and cards and electronic banking services. The company operates a network of approximately 128 branches, 150 ATMs, and 1,556 PoS terminals in South-West, South-South, Abuja, and Lagos zones. Wema Bank Plc was founded in 1945 and is headquartered in Lagos, Nigeria.

Founded in 1945

wema bank plc (WEMABANK) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

wema bank plc (WEMABANK) Key Developments

Wema Bank Plc Announces Unaudited Earnings Results for the First Half of Fiscal 2015

Wema Bank Plc announced unaudited earnings results for the first half of fiscal 2015. For the six months, the bank showed a gross earnings of NGN 20.87 billion, up from NGN 20.82 billion recorded in the corresponding period of 2014. The bank's net interest income fell by NGN 650 million from NGN 9.71 billion it achieved in the same period in 2014, to NGN 9.06 billion in 2015. Profit before tax was at NGN 1.17 billion, was also down from NGN 1.70 billion in the first half of 2014, representing NGN 530 million decline. Decline in net interest income when compared with first half of 2014 was mitigated by a 6.5% growth in the company’s non-interest income to NGN 3.38 billion in first half of 2015 compared to the same period last year.

Wema Bank Plc to Report First Half, 2015 Results on Jul 23, 2015

Wema Bank Plc announced that they will report first half, 2015 results on Jul 23, 2015

Wema Bank Plc, H1 2015 Earnings Call, Jul 23, 2015

Wema Bank Plc, H1 2015 Earnings Call, Jul 23, 2015

 

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Industry Analysis

WEMABANK

Industry Average

Valuation WEMABANK Industry Range
Price/Earnings 18.7x
Price/Sales 1.1x
Price/Book 0.6x
Price/Cash Flow 18.3x
TEV/Sales NM Not Meaningful
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