Press Releases
Ademola Adebise Now MD/CEO of Wema Bank, Moruf Oseni Appointed Deputy Managing Director
LAGOS, NIGERIA – October 1, 2018 – Wema Bank PLC (Bloomberg: Wema NL) (“Wema” or “the Bank”) ● Adebise becomes MD/CEO from October 1, 2018 ● Was in Acting Capacity for three months while Oloketuyi was on terminal leave ● Moruf Oseni appointed Deputy Managing Director. Wema Bank Plc. hereby announces that Ademola Adebise has been made the Managing Director/Chief [...]
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 Managing Director/Chief Executive Officer, Segun [...]
Wema Bank Launches Enovate
Wema Bank Plc., the pioneer of Nigeria’s first fully digital bank ALAT has launched a new blog called enovate, offering stories about innovation, with staff and customers as main contributors. The aim of the blog is to encourage discussions on innovation and the use of technology to make the lives of the Bank’s customers better and improve the society. “We’re [...]
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 digitally native. They have a [...]
WEMA Bank Plc Unaudited Financial Result for the quarter ended March 31st, 2018
Deposit growth of 20.29% to N09 billion in Q1’2018 from N254.46 billion in FY2017. Gross earnings increases by 5.02% to N07 billion. Awarded the Best Digital Bank in Africa at the 2018 Asian Banker Awards. Secures $15million and N3 billion line of credit from AFDB and DBN. Managing Director/Chief Executive Officer’s review Commenting on the results, the MD/CEO, Segun Oloketuyi [...]
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 N54.36 billion in FY2016 to [...]
