Home/Tag:Wema Bank

Wema Bank CEO proceeds on terminal leave

• CEO/Managing Director Segun Oloketuyi to proceed on terminal leave from July 01, 2018 and to retire with effect from September 30 2018. • Current Deputy Managing Director, Ademola Adebise to assume CEO/Managing Director role in acting capacity with effect from 1 July 2018 subject to regulatory approvals. Wema Bank Plc. has announced that the [...]

2018-07-10T13:26:02+00:00

Wema Bank Holds AGM; Commits To Sustainable Growth through Innovation

Wema Bank Plc., on Wednesday May 9, 2018 held its Annual General Meeting (AGM) during which the financial report for the year ending December 31, 2017 was presented to shareholders. The Bank used the platform to announce commitment to its attained growth phase, which is the final stage of its restructuring process that started in [...]

2018-05-10T10:09:12+00:00

The New Power of Social Media; Even Banks Can No Longer Ignore

By 2025, Millennials will make up 75% of the global workforce. As their population grows, so is their influence. Award-winning author Jeremy K. Balkin calls this the “Millennialization of Everything.” Millennials – the generation born between 1980 and 2000 -- are unlike previous generations in so many ways. They are highly opinionated, educated and are [...]

2018-05-04T10:44:38+00:00

Video: Discussing ALAT, Nigeria’s First Fully Digital Bank at World Finance in London

Ademola Adebise, Deputy Managing Director, and Moruf Oseni, Executive Director Retail, discuss ALAT at the London Stock Exchange. The Bank was named the Best Digital Bank in Africa by World Finance, the UK-based quarterly print and online magazine providing comprehensive coverage and analysis of the financial industry, international business and the global economy. In the [...]

2018-04-18T14:24:18+00:00

Wema Bank Reports 20.07% Growth in Gross Earnings

LAGOS, NIGERIA – 11th April 2018 – Wema Bank PLC (Bloomberg: Wema NL) (“Wema” or “the Bank”) Wema Bank PLc. has releases its audited audited financial result for the year ended December 31st, 2017. The innovative bank, which launched ALAT, Africa’s first fully digital bank, confirmed the growth of its groos earnings by 20.07%, from [...]

2018-04-13T13:12:04+00:00

ALATbyWema Receives ‘Best Digital Bank in Africa Award

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, [...]

2018-04-16T11:55:05+00:00

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

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. [...]

2018-04-16T11:44:23+00:00

Wema Bank Launches Aba Branch, Targets Eastern Nigeria’s Commercial Nerve Centre

Wema Bank, the pioneer of Nigeria’s first fully digital bank ALAT, has opened a new branch in Aba, Abia State, in line with its strategic expansion plan following a national licence granted the bank by the Central Bank of Nigeria in 2015. The new branch offers the Bank the opportunity to strategically target the Eastern [...]

2018-04-16T12:09:37+00:00

ALAT By Wema is Africa’s Best Digital Bank

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 [...]

2018-04-16T11:48:33+00:00
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