Corporate Profile

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Established in 1945, we are Nigeria’s longest surviving indigenous bank.

Wema Bank offers a range of retail and SME banking, corporate banking, treasury, trade services and financial advisory to its ever-expanding clients. In 2009, the Bank underwent a strategic repositioning exercise which culminated in a decision to operate as a commercial Bank with regional authorisation in South-South Nigeria, South-West Nigeria, Lagos and Abuja in 2011.

Operating a network of over 125 branches and service stations backed by a robust ICT platform across Nigeria, we are committed to long-term sustainability in our business whilst maintaining the highest standards of social responsibility, corporate governance and diversity in our operations. 

Shareholding Structure

  • Authorized capital of N20billion divided into 40 billion ordinary shares of 50 kobo each
  • N40 Billion was raised via a successful Private Placement, which was comprised of 23 billion shares at 1.50 kobo each in 2013.
  • Fully paid up share capital is N19,287,233,041 divided into 38,574,466,082 ordinary shares of 50 kobo each
  • All 100% owned by Nigerians.
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October 21, 2016