@asemota The risk in this is when data breach happens and it makes its way down to the open market (dark web). Fantastic idea by the way. Just highlighting what’s currently plaguing enterprise environments.
Wema Bank just dropped their 2025 results. Here's what the numbers say.
Their profit doubled in one year. From ₦86.3 billion to ₦194.5 billion. The driver wasn't FX gains or one-off windfalls, it was their digital banking platform, ALAT.
Six years ago, it cost Wema ₦84.50 to generate ₦100 in income. Today that number is ₦29.
That shift happened because they moved from physical branches to digital infrastructure, lower costs, more transactions. ALAT processed ₦31.9 trillion in transactions in 2025.
On the balance sheet, they raised ₦200 billion in fresh capital. Their safety buffer now sits at 28.1%, the CBN requires 15%.
They proposed a ₦1.25 dividend per share, a 4.8% yield at current prices, while retaining over 80% of earnings for future growth.
The stock currently trades at a P/E of 3.7x. One of the cheapest valuations in the sector.
That's the picture. A mid-tier bank that has cut its cost base dramatically, doubled profits, strengthened its balance sheet, and is paying a dividend, all in the same year.
Would you invest in Wema Bank at current prices? 👇