Press Releases

Date Title
28 February 2017

Wema Bank Staff donate salary to help critically ill children

Wema Bank Plc. has for the second year in a row made February its month of giving by donating funds for the treatment of children in emergency wards of three government-owned hospitals across the country.

16 February 2017

Fitch Ratings affirms Wema Bank’s Long-Term National Rating at BBB- with a stable outlook

Fitch Ratings, a global leader in credit ratings and research has affirmed the Long-term National Rating of Wema Bank at (BBB-). This is reflective of the Bank’s stable outlook and viability, in spite of the continued headwinds facing the country.

19 January 2017

Wema Bank appoints Ademola Adebise as Deputy Managing Director

The Board of Directors, Wema Bank Plc. has appointed Ademola Adebise as the Deputy Managing Director of the bank. The board announced this at a retreat held recently in Lagos.

17 January 2017

Wema Bank launches solar-powered mobile branch

Wema Bank Plc. has gone a step further in making banking convenient for its customers and Nigerians in general by launching a new mobile branch “Wema Bank on Wheels” that will be accessible to everyone in all parts of the country. The new truck where normal branch services are offered is also fitted with two automated teller machines (ATM), and is powered by solar energy, a feature that won it the Most Innovative Product for 2016 awarded by Inlaks Limited, a Lagos-based Information technology company.

01 December 2016

Wema Bank partners with Etisalat to launch Bespoke Account for Nigerian Youth

Wema Bank Plc, one of Nigeria’s foremost financial institutions, and Etisalat Nigeria have partnered to introduce WemaEasySavers, a Tier-1 savings account aimed at ensuring financial inclusion for more Nigerians, especially the youth.

21 November 2016

Fitch Rating Affirms Wema Bank’s Long-Term National Rating At BBB- With A Stable Outlook

Fitch Ratings, a global leader in credit ratings and research has affirmed the Long-term National Rating of Wema Bank at BBB-. This is reflective of the Bank’s stable outlook and continued viability, in spite of the challenging macro-economic environment.

21 October 2016

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

Wema Bank’s Q3’16 result shows modest improvement in operating indices despite the slowdown in the operating environment. Speaking on the release of the result, the MD/CEO, Segun Oloketuyi gave further insight into the numbers.

14 December 2016

Dual Listing of Series (1) 7-Year 18.50% Fixed Rate Bond of WEMA Funding SPV PLC

Today, Wema Bank completed the final stage of the Bond issuance process – the listing of Wema Bank’s series 1 (N6,295,000,000) 7-year Bond on both the FMDQ and NSE Exchanges. This is to ensure enough liquidity for the instrument and invariably increase the pool of potential investors.

28 January 2016

Interswitch Pioneers Card Transaction Control With Wema Card Control

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.

19 November 2015

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

LAGOS, NIGERIA – November 18, 2015 – Wema Bank PLC (“Wema” or “the Bank”), Wema Bank Plc, one of Nigeria’s premier financial institutions has been granted a National Banking License; an upgrade from its current regional banking authorization after complying with the Central Bank of Nigeria’s requirements.

28 February 2017

Wema Bank Staff donate salary to help critically ill children

Wema Bank Plc. has for the second year in a row made February its month of giving by donating funds for the treatment of children in emergency wards of three government-owned hospitals across the country.

16 February 2017

Fitch Ratings affirms Wema Bank’s Long-Term National Rating at BBB- with a stable outlook

Fitch Ratings, a global leader in credit ratings and research has affirmed the Long-term National Rating of Wema Bank at (BBB-). This is reflective of the Bank’s stable outlook and viability, in spite of the continued headwinds facing the country.

19 January 2017

Wema Bank appoints Ademola Adebise as Deputy Managing Director

The Board of Directors, Wema Bank Plc. has appointed Ademola Adebise as the Deputy Managing Director of the bank. The board announced this at a retreat held recently in Lagos.

17 January 2017

Wema Bank launches solar-powered mobile branch

Wema Bank Plc. has gone a step further in making banking convenient for its customers and Nigerians in general by launching a new mobile branch “Wema Bank on Wheels” that will be accessible to everyone in all parts of the country. The new truck where normal branch services are offered is also fitted with two automated teller machines (ATM), and is powered by solar energy, a feature that won it the Most Innovative Product for 2016 awarded by Inlaks Limited, a Lagos-based Information technology company.

01 December 2016

Wema Bank partners with Etisalat to launch Bespoke Account for Nigerian Youth

Wema Bank Plc, one of Nigeria’s foremost financial institutions, and Etisalat Nigeria have partnered to introduce WemaEasySavers, a Tier-1 savings account aimed at ensuring financial inclusion for more Nigerians, especially the youth.

21 November 2016

Fitch Rating Affirms Wema Bank’s Long-Term National Rating At BBB- With A Stable Outlook

Fitch Ratings, a global leader in credit ratings and research has affirmed the Long-term National Rating of Wema Bank at BBB-. This is reflective of the Bank’s stable outlook and continued viability, in spite of the challenging macro-economic environment.

21 October 2016

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

Wema Bank’s Q3’16 result shows modest improvement in operating indices despite the slowdown in the operating environment. Speaking on the release of the result, the MD/CEO, Segun Oloketuyi gave further insight into the numbers.

14 December 2016

Dual Listing of Series (1) 7-Year 18.50% Fixed Rate Bond of WEMA Funding SPV PLC

Today, Wema Bank completed the final stage of the Bond issuance process – the listing of Wema Bank’s series 1 (N6,295,000,000) 7-year Bond on both the FMDQ and NSE Exchanges. This is to ensure enough liquidity for the instrument and invariably increase the pool of potential investors.

28 January 2016

Interswitch Pioneers Card Transaction Control With Wema Card Control

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.

19 November 2015

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

LAGOS, NIGERIA – November 18, 2015 – Wema Bank PLC (“Wema” or “the Bank”), Wema Bank Plc, one of Nigeria’s premier financial institutions has been granted a National Banking License; an upgrade from its current regional banking authorization after complying with the Central Bank of Nigeria’s requirements.

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