Wema Bank released its 3Q, 2012 results late last week. The company say Gross Earnings reach N19.8 billion, up 14.1 from N17 billion made over the corresponding period in 2011.
A drop in investment income of 63% led to the losses before and after tax reported by the bank.
Investment income for the period was N3.4 billion, down 63% from N9.4 billion reported in 2011.
Loss before tax was N1.7 billion, down 226% from the N1.4 billion profit it made in the corresponding period of 2011.
Net Loss was N1.8 billion, down 251% from the N1.2 billion it made in the corresponding period of 2011.
