Wema Bank said its profit after tax rose by 97 per cent in the first half of 2023 financial period to N10.48bn from N5.30bn in H1, 2022. It disclosed this in its unaudited financial statements for the period ended June…
Wema Bank has raised the salaries of its employees to cushion the effect of fuel subsidy removal. It said this was necessary because it prioritised its employees’ welfare. The bank said the current economic realities, which had witnessed recent spikes…
By Seun Ibiyemi The Nigerian Exchange Limited (NGX) has removed Wema Bank Plc and Custodian Investment Plc from the NGX 30 following the outcome of the 2022 market index review. This was contained in the statement released by the NGX…
…Rewarding customers with N90,000,000 in cash prizes Wema Bank PLC, the leading financial institution in Nigeria and the pioneer of Africa’s first fully digital bank, ALAT, recently announced the launch of the highly anticipated 3rd season of the Wema Bank…
Wema Bank Plc, the leading financial institution in innovation and technology has launched Phygital Branch, a self-service platform that combines the best aspects of traditional and digital banking, in all its branches nationwide. “Phygital is the result of Wema Bank’s…
Wema Bank Plc is moving out of the bottom hierarchy on profit margin in the Nigerian banking industry to the medium rangers with a profit margin of 13.6 per cent at the end of the first quarter (Q1). This is…
By Sodiq Adelakun The Board of Directors of Wema Bank Plc. has announced the appointment of Dr. Oluwayemisi Olorunshola, as its new Chairman. Her appointment was confirmed during the weekend days after the retirement of the former Board Chairman, Babatunde…
Wema Bank Plc has assured shareholders of its commitment to conducting the expected rights issue before end of this year adding that it just raised N21 billion Alternative Tier-1 Capital in line with the objective of increasing its capital base…
Nigeria’s most innovative financial institution, Wema Bank Plc, held its 2022 Annual General Meeting yesterday May 31st, 2023 amidst encomiums over the sterling performance of the bank and the huge dividend payout. Specifically, shareholders of the bank commended the board…
Wema Bank has said it donated chairs and tables to Isale Eko Grammar School, in Lagos State. A statement said the act was made possible through Wema Bank’s corporate social investment initiative, the “Salary for Love” campaign. It said Wema…
