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Wema Bank (NSA:WEMA) Tax Rate % : 13.01% (As of Sep. 2024)


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What is Wema Bank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Wema Bank's Tax Expense for the three months ended in Sep. 2024 was ₦3,910 Mil. Wema Bank's Pre-Tax Income for the three months ended in Sep. 2024 was ₦30,050 Mil. Therefore, Wema Bank's Tax Rate % for the quarter that ended in Sep. 2024 was 13.01%.

Wema Bank Tax Rate % Historical Data

The historical data trend for Wema Bank's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Wema Bank Tax Rate % Chart

Wema Bank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.08 22.83 27.88 23.73 17.58

Wema Bank Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.94 13.02 22.27 12.83 13.01

Wema Bank Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Wema Bank's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=7674.962/43663.929
=17.58 %

Wema Bank's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=3910.353/30050.312
=13.01 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Wema Bank Tax Rate % Related Terms

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Wema Bank Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wema Bank PLC (NSA:WEMA) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
54, Marina, Wema Tower, Lagos, NGA, 12862
Website
https://www.wemabank.com
Wema Bank PLC is a commercial bank. The company offers retail banking, SME banking, corporate banking, treasury, trade services and financial advisory to its customers. Its services include granting of loans and advances, corporate finance and money market activities. The bank operates in four geographical regions; South-west, South-South, Abuja and Lagos zones. Wema derives the majority of its revenues from Lagos.

Wema Bank Headlines

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