Wema Bank Processed N32trn Transactions Via Digital Channels
Wema Bank continues to boost earnings, driven by a strong digital footprint, with total transaction value processed across channels nearing N32 trillion, according to the company’s audited financial statements.
In financial year 2025 alone, Wema Bank’s digital channels supported 3.75 million actively transacting customers, processing over 708 million digital transactions with a total value exceeding ₦31.9 trillion.
The bank said these figures reflect not just adoption, but sustained, everyday reliance on digital banking. ALAT remains a core driver of this momentum.
With 1.9 million active users, the platform processed over 162 million transactions in 2025, representing ₦11.4 trillion in transaction value.
Alongside ALAT, Wema Bank said its broader digital ecosystem, including ALAT for Business (AFB) and USSD continues to scale inclusion across retail, SME, and informal segments.
Details from its audited financials revealed that AFB alone recorded ₦17.1 trillion or USD $11.76 billion) in transaction value, underscoring its growing relevance to Nigeria’s business economy.
The bank said access to credit remains central to its impact. In 2025, over ₦46 billion loans were disbursed via ALAT and USSD, across more than 560,000 loan transactions.
The lender said these funds directly enabled individuals and small businesses to unlock opportunity, expand operations, and navigate economic realities with confidence. At this scale, digital credit delivery reflects more than growth; it reflects trust, Wema Bank stated.
Beyond transactions and lending, ALAT continues to support disciplined financial behaviour. In 2025, customers created over 224,000 savings goals, mobilising more than ₦203 billion (USD $140 million) toward personal and business aspirations.
“This reinforces our belief that digital banking must do more than move money; it must help customers build resilience and plan”.
ALAT stands at the forefront of Wema Bank’s financial innovation. The bank said its journey has been one of deliberate evolution driven by technology, deep customer insight, and an unwavering commitment to financial inclusion.
“We started by simplifying everyday banking. Today, we power millions of financial journeys across Nigeria, delivering scale, reliability, and trust across our digital ecosystem”.
The Bank recorded a strong improvement in performance, with Gross Earnings growing by 52.79% from ₦432.34 billion in FY 2024 to ₦660.59 billion in FY 2025.
Profit Before Tax (PBT) rose by 116.42% to ₦221.85 billion from ₦102.51 billion in FY 2024, while Profit After Tax (PAT) increased by 125.36% to ₦194.46 billion from ₦86.29 billion recorded in the prior year.
Total deposits expanded by 30.34% to ₦3,289.53 billion as of FY 2025, up from ₦2,523.82 billion in FY 2024, reflecting sustained growth in the Bank’s retail deposit drive.
Total Assets stood at ₦5,072.30 billion as of FY 2025, representing a 41.48% increase over the previous year. Loans to customers also grew by 44.68%, closing the year at ₦1,737.93 billion, up from ₦1,201.21 billion in FY 2024.
Wema and ALAT brands continue to enjoy strong public acceptance and increasing market relevance, supporting the Bank’s 52.79% year-on-year earnings growth.
Earnings per share closed at 712.80 kobo, while asset quality improved, with the Non-Performing Loan (NPL) ratio declining to 4.90% from its FY 2024 level. Recapitalised Banks Source 72.5% of Capital Injections Locally -CBN
