By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)- Wema Bank Plc Friday said it has recorded a N1.6 billion post-tax profit for its 2013 audited year end.

The N1.6 billion post-tax profit is a 131.7 percent (131.7%) growth compared to a negative -N5.040 billion in 2012.

Similarly, pre-tax profit in the review period improved from a negative –N4.942 billion in 2012 to N1.947 billion in the review period of 2013; indicating an improvement of 139.4%.

Interest income increased from N25.055 billion in 2012 to N28.542 billion in 2013 audited year end; showing an increase of 13.9%.