Africa’s fastest growing technology company, Interswitch Transnational has announced the launch of an innovative new solution for setting card transaction permissions and controlling transaction types and amounts. Known as ‘Transaction Control’, this revolutionary solution from Interswitch is a card based anti-fraud solution that automatically locks down a bank’s issued cards based on preset criteria. The fully customizable solution comes with [...]
The Central Bank of Nigeria has granted its Final Approval to Wema Bank Plc to convert its Banking license from a Regional Bank to a National Bank. In 2010, Wema Bank downscaled to operate only within its core areas of business – South-South, South-West and FCT Abuja. Now, the Bank with a capital base of N43.8 billion has met the regulatory [...]
s part of the activities to kick off the 2015 Customer Service Week, themed ‘Everyday Heroes’, Wema Bank launched its Service Charter at the Wema Tower, 54 Marina Lagos, to affirm its promise to continually exceed customers’ expectations in service delivery. The Service Charter defines the standard of service that customers should expect. In his comments, Segun Oloketuyi, MD/CEO of [...]
Wema Bank H1 2015 conference call audio and transcription
Fitch Ratings-London- June 2015: Fitch Ratings has published Wema Bank Plc's (Wema) Long-Term Issuer Default Rating (IDR) of 'B-' with a Stable Outlook, Short-Term IDR of 'B' and Viability Rating (VR) of 'b-'. Fitch has also published Wema's Long-term and Short-term National Ratings of 'BBB-(nga)' and 'F3(nga)', respectively. Click here to view Fitch's Ratings.
Wema Bank PLC (“Wema” or “the Bank”), announces Unaudited H1 2015 financial results. Results Highlights: Gross earnings of: N20.87 billion, up from N20.82 billion in H1 2014 Net Interest Income: N9.06 billion, down from N9.71 billion in H1 2014 Profit Before Tax: N1.17 billion, down from N1.70 billion in H1 2014 Other Operating Expenses of N4.98 billion, compared to N5.04 billion in H1 2014 Loans and Advances: N134.57 billion, [...]