Wema Bank Plc was incorporated in May 1945 as a private limited liability company and commenced business operations as a commercial bank in the same year. The Bank was converted to a public limited liability company in April 1987 and was subsequently listed on the floor of the Nigerian Stock Exchange in January 1990.

On February 5, 2001, the Central Bank of Nigeria granted a Universal Banking Licence to the Bank, thus allowing the Bank to undertake a wide range of financial services to its numerous customers across the country.

The Bank has witnessed tremendous growth and development in branch network, quality of service delivery and overall financial performance in the last two decades. We have embarked on a process of corporate transformation that has resulted in the emergence of a restructured Wema Bank Plc, strategically positioned to fully optimize opportunities in the industry.

Wema Bank Plc is adequately capitalized, our shareholders’ funds is in excess of N25 billion and our asset base is N165 billion. Presently, Odu’a Investment Company Limited holds 10% equity stake in the Bank, while private individual investors and staff of the Bank own the remaining 90%.

The authorized share capital of the Bank is N7,000,000,000.00 divided into 14,000,000,000 ordinary shares of 50kobo each.

With banking operations spanning sixty years, Wema Bank Plc is reputed to be the longest surviving indigenous bank in Nigeria. Wema Bank Plc is a customer-focused bank. We take delight in learning the intricacies of our customers businesses and preferences, thus our byline “taking you to greater heights”.