By InvestAdvocate

Lagos (INVESTADVOCATE)- Nigeria’s mid-tier lender, Wema Bank Plc on Wednesday said its profit after tax (PAT) for the third quarter (Q3) ended September 30, 2014 climbed up 33.5 percent to 2.130 billion from 1.596 billion in the corresponding period of 2013.

Similarly, the lenders profit before tax (PBT) grew 28.7 percent to 2.506 billion naira from 1.947 billion naira in the Q3 of 2013.

However, gross earnings dropped 8.4 percent to 26.134 billion naira in the review period of 2014 from 28.542 billion naira posted in the same period of 2013, the bank said in a filing with the Nigerian Stock Exchange (NSE).