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Press Releases 2018-02-20T14:09:56+00:00

Press Releases

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2703, 2018

ALATbyWema Receives ‘Best Digital Bank in Africa Award

March 27th, 2018|Categories: Press Releases|Tags: , , , , , |

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, offers unique features including account [...]

2603, 2018

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

March 26th, 2018|Categories: Press Releases|Tags: , , , , , , , , |

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. The Bank has also secured [...]

1501, 2018

ALAT By Wema is Africa’s Best Digital Bank

January 15th, 2018|Categories: Press Releases|Tags: , , , , , |

ALAT, the digital bank powered by Wema Bank has been named the ‘Best Mobile Banking App’ and ‘Best Digital Bank for 2017’ in this year’s World Finance Digital Banking Awards. The World Finance Digital Banking Awards celebrate organizations that lead the way with digitalization while meeting consumer demands and mitigating against accompanying risks along the way. The recognition by World [...]

2010, 2017

Wema Bank gets shareholder approval for capital reorganisation

October 20th, 2017|Categories: Press Releases|

LAGOS, NIGERIA –  October 20, 2017 – Wema Bank PLC (Bloomberg: Wema NL) (“Wema” or “the Bank”) Wema Bank Plc. at its Extraordinary General Meeting (EGM) held on Friday October 20, 2017 in Lagos, received the approval of its Shareholders’ towards the attainment of its Scheme of Capital Reorganisation exercise. With this approval, Wema Bank would give effect to the [...]

3009, 2017

WEMA Bank Plc Unaudited Financial Results for the 9 months ended September 30th, 2016.

September 30th, 2017|Categories: Press Releases|

WEMA Bank Plc Unaudited Financial Results for the 9 months ended September 30th, 2016. LAGOS, NIGERIA – 21st October 2016 – Wema Bank PLC (Bloomberg: Wema NL) (“Wema’ or “the Bank”), announces its Unaudited Q3’2016 financial results. Reports 16.36% growth in gross earnings driven by a 20.12% and 16.79% in interest income and fees & commission income respectively. Managing Director/Chief [...]

1508, 2017

Wema Bank opens new branch in Maraba

August 15th, 2017|Categories: Press Releases|

LAGOS, NIGERIA – August 15, 2017 – Wema Bank Plc. (Bloomberg: WEMABANK: NL) Wema Bank, the pioneer of Nigeria’s first fully digital bank ALAT, is reinforcing its presence in northern Nigeria as it opened a new branch in Maraba, Nasarawa State. Maraba is growing rapidly as an economic hub, feeding off the Federal Capital Territory (FCT) as a result [...]

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