Business Summary Management Board of Directors Joint Auditors Company Registrar Subsidiaries/Associates Capital Structure

   WEMABANK

Select Quote:
Index: 37024.72 -60.40 -0.16%
Business Summary Management Board of Directors Company Secretary Company Registrars Subsidiaries/Associates Joint Auditors Quote Login
Sector:
Financial Services
Sub-Sector:
Banking
Listing Date:
13th February, 1991
End of Accounting Year:
31 Dec
Share Outstanding:
12,821,249,880.00
NSE code
WEMABANK
AGM Date:
11-06-2010


You need to upgrade your Flash Player
You need to upgrade your Flash Player
You need to upgrade your Flash Player
You need to upgrade your Flash Player
capital injection
with this new capital injection tier 1 capital, i hope is not going to be another reduction in shares of existing shareholders in wema bank as we saw in Ecobank, Union bank, Finbank and so on. The CEO should carry us along please, let him tell us if there is going to be a share reconstruction now

Affected:WEMABANK   Status: 0   Replies: 0
2012 quarterly results
sir, Kindly assist to confirm why wema bank has not declared any report in 2012. regards.

Affected:WEMABANK   Status: 0   Replies: 1

No. Of Deals:   52.00

Volume Traded:   5,392,612.00

Value Traded:    6,121,483.43

52 Weeks High:  1.88

52 Weeks Low:    0.50

Open Price:    1.15

Close Price:    1.13

High Price:    1.17

Low Price:    1.13

Year To Date Appreciation:    - - 

 

1 Week Change (%)

1 Month Change (%)

6 Months Change (%)

1 Year Change (%)

WEMABANK

-4.24

-8.87

126

126

NSE All-share Index

-7.47

0.32

34.94

76.07

Quarterly Results For WEMABANK

4th January, 2013: 3rd Quarter Results for the Period Ending 30-Sept-2012


Values
2012 N'm
2011 N'm
% Change
Profit & Loss Information
Gross Earnings
19,833
17,381
14.11%
Profit Before Tax
-1,783
1,408
-226.63%
Taxation
-31
-211
-85.44%
Profit Or Loss After Tax
-1,814
1,197
-251.55%
Balance Sheet Information
Fixed Assets
13,191
13,477
-2.12%
Loans & Advances
78,475
67,099
16.95%
Cash & Bank Balances
20,065
23,934
-16.17%
Deposits
162,698
150,045
8.43%
Net Assets
3,169
49,306
-93.57%
  VALUATION MEASURES
Market Cap :
14,488,012,364.40
EPS:
-0.14
P/E:
-7.99
Book Value :
N/A
Book Value Per Share :
N/A
Price/Book
N/A
  FINANCIAL HIGHLIGHTS
  Fiscal
Fiscal Year End
31 Dec
Most Recent Quarter
3rd Quarter
  Profitability
Profit Before Tax Margin
-8.99
Profit After Tax Margin
-9.15
Profit Before Tax Growth
-226.63
Profit After Tax Growth
-251.55
  Management Effectiveness
Return On Assets
-0.01
Return On Equity
-0.57


  INCOME STATEMENT
Revenue:
N19,833.00(mln)
Revenue Per Share :
1.55
Revenue Growth :
14.11%
   Balance Sheet
Total Cash
20,065.00
Shareholder Fund Growth
-93.57%
Loan Growth
16.95%
Deposit Growth
8.43%
Fixed Asset Growth
-2.12%
  Dividends & Splits
Dividend:
0.25 (2001-09-06)
Bonus Declared
1 for 3 (2003-04-01)
  TRADING INFORMATION
  Stock Price History
52-week Change:
126.00%
52-week Change
(relative to NSE Index)
76.07%
52-Week High:
1.88
52 Week Low :
0.50
50-Day Moving Average :
1.26
200-Day Moving Average:
0.89
  Share Statistics
Ave. Volume (3 month):
15,162,874.98
Ave. Volume (10 days):
19,013,500.90
Shares Outstanding:
12,821,249,880.00
Daily Volume
5,392,612.00


Wema Bank Plc
Balance Sheet as at 31st Dec, 2010
Assets employed
2010
2009
Cash in hand and balances with CBN
6,567,639
6,354,206
Treasury bills
8,176,207
5,049,245
Due from financial institutions
50,239,452
60,292,150
Loans and advances to customers
42,793,251
30,001,550
On-lending facilities
6,718,813
Advances under finance lease
896,608
463,206
Insurance receivables
209,872
212,049
Investment securities
49,763,750
2,520,349
Investment in associates
1,578,744
1,353,703
Deferred tax assets
25,054,033
20,242,539
Other assets
6,767,437
5,964,253
Investment property
4,296,052
4,198,020
Property and equipment
13,922,543
14,284,971
TOTAL ASSETS
216984401
150936241
LIABILITIES
Customers' deposits
120,883,753
94,058,964
Due to other banks
2,588,220
467,797
On-lending liabilities
6,718,813
Claims payable
305,232
205,017
Liability on investment contracts
1,135,391
443,422
Liabilities on insurance contracts
1,328,593
985,051
Current income tax payable
609,954
406,245
Other liabilities
12,861,712
11,195,634
Deferred tax liabilities
279,262
277,620
Retirement benefit obligations
172,175
61,803
Borrowings
54,331,986
88,672,659
TOTAL LIABILITIES
201215091
196774212
NET ASSETS/(LIABILITIES)
15769310
-45837971
CAPITAL AND RESERVES
Share capital
6,410,623
5,160,315
Share premium
24,701,231
18,791,971
Revaluation reserve
4,249,457
4,249,457
Retained earnings
1,045,095,522
996,303,217
Other reserves
9,653,463
4,245,536
Equity Attributable To Equity Holders Of The Bank
16368472
-44991328
Non-controlling interest
-599,162
1,072,895,181
TOTAL EQUITY
15769310
-45837971
Guarantees and other commitments on behalf of customers
18598027
2612397
PROFIT AND LOSS ACCOUNTS
For the year ended 31 Dec 2010
Gross Earnings
21,796,628
18,994,974
Interest and similar income
14,085,939
12,945,257
Interest and similar expenses
1,065,497,886
1,065,107,131
Net interest margin
5,842,001
4,310,564
Fee and commission income
6,657,336
4,535,283
Net fee and commission income
6,657,336
4,535,283
Net foreign exchange income
372,268
437,045
Underwriting profit
447,434
288,153
Income from investments
233,651
789,236
Operating income
13,552,690
10,360,281
Operating expenses
1,052,882,792
1,059,351,630
Loan loss recoveries/(expenses)
21,514,830
1,069,449,320
(Diminution)/ recoveries in other asset/ Investments
1,072,503,827
-545,782
Group's share of associate's profit
171,273
Profit/(Loss) On Ordinary Activities Before Taxation
13,141,764
1,064,873,625
Taxation
4,313,891
1,337,901
Profit/(Loss) On Ordinary Activities After Taxation
17,455,655
1,066,211,526
Non-controlling interest
-247,480
766,864
Profit/(loss) attributable to equity holders of the Bank
17208175
-6763434
APPROPRIATIONS
Transfer to statutory reserve
4,871,560
Transfer to statutory contingency reserve
31,679
43,796
Transfer to retained earnings
12,304,936
1,066,934,594
17208175
-6763434
Gain/(loss) per share (kobo)
163
-66
Statement of Cash Flows
For the period ended 31 Dec 2010
Operating Activities
Net cash flow from operating activities
29,465,407
2,797,721
Income tax paid
-292,251
-63,872
Value Added tax paid
-61,204
Net cash flows from operating activities
29111952
2733849
Investing Activities
Additional investments in unquoted equities
1,026,026,621
-207,611
Dividend income received
18,418
201,790
Purchase of property and equipment
1,071,969,722
1,072,518,099
Proceeds from disposal of property and equipment
151,231
75,694
Proceeds from disposal of long term investments
326,027
3,001,979
Purchase of investment property
-206,155
-38,878
Proceeds from disposal of investment property
108,123
81,548
Purchase of shares in subsidiary
-18,715
Net cash flows from investing activities
-49089661
1872082
FINANCING ACTIVITIES
Borrowings:
Inflow from CBN financial accomodation loan
87,000,000
Repayment on CBN financial accomodation loan
1,072,970,033
Inflow from BOI refinancing scheme
6,718,813
NHF loan repayment
-8,207
Repayment of bank overdraft
-6,929
1,031,350,285
Proceeds from issue of shares
7,501,856
1,253,440
Share issue expenses
-342,287
-29,210
Net cash flows from financing activities
13091455
45832691
Net (decrease)/increase in cash and cash equivalents
1,066,855,570
50,438,622
Cash and cash equivalents, beginning of year
70,303,481
19,864,859
Cash and cash equivalents, end of year
63,417,227
70,303,481
Net (decrease)/increase in cash and cash equivalents
-6886254
50438622
Investment Valuation Ratios
Profitability Ratios
Operating Profit Margin(%)
0.62%
Net Profit Margin
Return on Net Worth(%)
1.11%
Return on Assets
0.08%
Debt Equity Ratio
13%
Cash Flow Indicator Ratios
Earnings Per Share
0
Net Interest Margin
0.41%
Cost to income ratio
-1.54%
Capital Adequacy Ratio
0.07%
PBT Growth
2.48%
PAT growth
3.32%
PAT margin
0.80%
PBT MARGIN
0.60%
ROA
0.08%
ROE
1.11%
SHF Growth
1.34%
Loan Growth
0.43%
Assets Growth
0.44%
Deposit Growth
0.29%
Loan to deposit
0.35%
Deposit to Assets
0.56%
Equity capital to deposits
0.13%
Interest Income/Gross Earnings
0.65%
Non-Interest Income/Gross Earnings
5.55%
Loan to Asset
0.20%
Announcement Date
Agm Date
Book Closure
Address
--
2010-02-05
--
--
2010-07-11
--
--
2010-06-11
--
Bonus
Bonus Type
Announcement Date
Payment Date
Closure Date
1 for 20
--
--
--
2005-11-07
1 for 3
--
--
--
2004-09-30
1 for 3
--
--
--
2003-04-01
1 for 20
--
--
--
2005-11-07
1 for 3
--
--
--
2004-09-30
1 for 3
--
--
--
2003-04-01
Dividend
Dividend Type
Announcement Date
Payment Date
Closure Date
0.25
--
--
--
2001-09-06
0.45
--
--
--
2002-08-19
0.1
--
--
--
2004-09-30
Right Ratio
Face Value
Announcement Date
Record Date
Ex-right Date
Premium
Old Face Value
New Face Value
Announcement Date
Ex-split Date
Meeting Date
Remark/Outcome