By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender Wema Bank Plc said on Thursday its first-half (H1) 2015 post tax profit declined 31.1 percent to N997.2 million from N1.447 billion recorded a year earlier.

Similarly, pretax profit dipped the same margin of 31.1 percent to N1.173 billion from N1.702 billion reported in the same period of 2014.

While interest income dropped from N17.657 billion in the H1 of 2014 to N17.497 billion in the review period of 2015, Wema Bank said in a filing with the Nigerian Stock Exchange (NSE).

Shares of the lender dropped by 1.05 percent on Friday to 0.94 kobo from 0.95 kobo, losing 0.01 kobo per share to close on the Nigerian bourse