Home/2018/March

ALATbyWema Receives ‘Best Digital Bank in Africa Award

ALATbyWema, Africa’s first fully digital bank, has been named 'Best Digital Bank in Africa' at the 2018 Asian Banker Awards. Wema Bank launched ALAT in May 2017 to provide digital banking services for students, entrepreneurs and professionals in Nigeria. ALAT, a branchless bank with apps available on Google Play, the Apple App Store and www.online.alat.ng, [...]

2018-04-16T11:55:05+00:00

Wema Bank secures $35m from international lenders to fund SMEs

Wema Bank Plc. has signed a Line of Credit Agreement with the African Development Bank (AfDB) to grow financial support to small and medium scale businesses in Nigeria. The innovative bank, which pioneered Africa’s first fully digital bank ALAT, confirmed that AfDB has already disbursed the $15 million agreed with the multilateral development finance institution. [...]

2018-04-16T11:44:23+00:00

Wema Bank Launches Aba Branch, Targets Eastern Nigeria’s Commercial Nerve Centre

Wema Bank, the pioneer of Nigeria’s first fully digital bank ALAT, has opened a new branch in Aba, Abia State, in line with its strategic expansion plan following a national licence granted the bank by the Central Bank of Nigeria in 2015. The new branch offers the Bank the opportunity to strategically target the Eastern [...]

2018-04-16T12:09:37+00:00
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