By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc said on Thursday its pretax profit for the period ended September 30, 2015 dropped 39.02 percent to N1.528 billion from N2.506 billion declared a year ago.

Similarly, profit after tax (PAT) declined 39.01 percent to N1.299 billion from N2.130 billion reported same period of last year.

Interest income of Wema Bank increased from N26.134 billion to N26.580 billion in the review period of 2015; indicating an increase of 1.70 percent, the lender said in a filing with the Nigerian Stock Exchange (NSE).

At the close of trading on Thursday at the Nigerian bourse, share price of Wema Bank climbed up 1.02 percent to 0.99 kobo from 0.98 kobo recorded the previous session; gaining 0.01 kobo per share.