Home/Media Center/Press Releases
Press Releases 2018-02-20T14:09:56+00:00

Press Releases

  • page-banner
2801, 2016

Interswitch Pioneers Card Transaction Control With Wema Card Control

January 28th, 2016|Categories: Press Releases|

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 [...]

1911, 2015

Wema Bank Obtains Final Approval for Commercial Banking License With National Authorisation

November 19th, 2015|Categories: Press Releases|

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 [...]

510, 2015

Wema Bank Unveils Service Charter

October 5th, 2015|Categories: Press Releases|

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 [...]

2307, 2015

Fitch Rates Wema “BBB-“ (Short Term National Rating)

July 23rd, 2015|Categories: Press Releases|

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.

2307, 2015

Wema Bank H1 2015 Results

July 23rd, 2015|Categories: Press Releases|

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, [...]

Wemabank Logo