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2307, 2015

Wema Bank H1 2015 Results

July 23rd, 2015|Categories: Press Releases|

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 2014 Loans and Advances: N134.57 billion, [...]

3006, 2015

Nurudeen Fagbenro Retires as Executive Director, Wema Bank Plc

June 30th, 2015|Categories: Press Releases|

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 to become the Head of [...]

806, 2015

Wema Bank Increases Branch Network

June 8th, 2015|Categories: Press Releases|

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 and achieve part of the [...]

205, 2015

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

May 2nd, 2015|Categories: Press Releases|

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 Bank VP and current Senior [...]

2404, 2015

Wema Bank Plc Presents ‘Why Nations Succeed’

April 24th, 2015|Categories: Press Releases|

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 on economic development with a [...]

2004, 2015

Wema Bank Q-1 Results Shows Improved Profitability

April 20th, 2015|Categories: Press Releases|

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 marked reduction in Other Operating [...]

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