Wema Bank Unveils Service Charter

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 [...]


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

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 H1 2015 Results

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 [...]


Nurudeen Fagbenro Retires as Executive Director, Wema Bank Plc

LAGOS, NIGERIA – June 2015 – Wema Bank Plc, (Bloomberg: WEMABANK: NL Reuters: WEMABANK: LG) announces retirement of Nurudeen Fagbenro, Executive Director, Wema Bank Plc. Nurudeen Fagbenro graduated from the University of Lagos in 1985 with a Bachelor of Science degree in Accounting. He joined Wema Bank as an Accounting Supervisor in 1986 and rose [...]


Wema Bank Increases Branch Network

LAGOS, NIGERIA – June 2015 – Wema Bank Plc, (Bloomberg: WEMABANK: NL Reuters: WEMABANK: LG) announces opening of two new branches in Lagos Wema Bank Plc, Nigeria’s longest surviving indigenous bank has increased its branch network with two new additions. This is in a bid to take business opportunities to the door steps of customers [...]


Wema Bank Holds 70th Anniversary Commemorative lecture (Pics + Keynote)

As part of activities to celebrate its 70th anniversary, Nigeria's longest surviving indigenous bank, Wema Bank, held a commemorative lecture titled, 'Why Nations Succeed' with Prof. James Robinson, co-author of the Book ' Why Nations Fail' and current David Florence Professor of Government, Harvard University as Keynote Speaker. The event also featured a stimulating panel discussion featuring former World [...]


Wema Bank Plc Presents ‘Why Nations Succeed’

Wema Bank celebrates its 70th anniversary on the 2nd of May, 2015. As a preliminary event to the celebration, Wema Bank is holding a Commemorative lecture titled ‘Why Nations Succed’. Nations fail or succeed for various reasons including political, social and economic considerations.  Professors Daron Acemoglu and James Robinson clearly provide food for thought [...]


Wema Bank Q-1 Results Shows Improved Profitability

Wema Bank PLC (“Wema” or “the Bank”), announces Unaudited 2015 First Quarter financial results. Gross Earnings recorded growth of 5% to close at N10.63 billion while Profit Before Tax (PBT) grew by 4% YoY to N615 million. The downward trend in the Non-Performing Loan ratio continued closing the quarter on 2.3%. There was a [...]

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