Wema Bank (WEMABAN.LG) said on Thursday it had swung to a 13.14 billion naira ($85 million) pre-tax profit in 2010 compared to an 8.86 billion naira loss a year earlier.

Gross earnings rose to 21.79 billion naira from 18.99 billion, the bank said in a statement.

Wema was one of nine lenders rescued in $4 billion bailout by the central bank in 2009. It has since raised fresh capital and scaled down to a regional rather than national bank

Wema Bank swings to 2010 pre-tax profit.