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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 [...]


Winners of #winwednesday games

Thank you for participating in the #winwednesday games. The winners are: Facebook: Quiz 1 - Osigwe Paschal Quiz 2 - Loveday Ugochukwu Chibuzor Quiz 3 - Shobande Keynon Yomi Twitter: Quiz 1 - @ishulaya Quiz 2 - @okoyesblog Quiz 3 - @judge_wright Instagram: Quiz 1 - @atinuketreasure Quiz 2 - @suleegend Quiz 3 - [...]


Purple Beatz Valentine Poetry Challenge

Purple Beatz!!! Make your lover’s heart beat with the rhymes of your words! www.wemapurplebeatz.com Purple Beatz is a poetry contest where a player writes a quatrain (4 line poem) beginning with the ‘Roses are Red’ line. This would involve a lot of creativity, as the 2nd and 4th line must rhyme. The person with [...]


Wema bank appoints new directors

The Board of WEMA BANK plc has announced the appointment of Mrs. Abolanle Matel-Okoh, Mr. Babatunde Kasali, Mrs. Folake Sanu and Mr. Wole Akinleye to its board of Directors. ___________________________________________________________ Wema Bank Plc today announced the appointment of four new directors to its Board, Mrs. Abolanle Matel-Okoh and Mr. Babatunde Kasali as Non-Executive Directors; [...]

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