Wema Bank Plc on Wednesday May 8, 2019, said as they go into 2019, it will renew focus on its retail business, chairman of the bank Babatunde Kasali disclosed this to shareholders, at the bank Annual General Meeting in Lagos.
Wema Bank Plc released its audited financial statement for the period ended December 31, 2018, by proposing 3 kobo divided, its first payment in 14 years. Details of the corporate action shows that register of members closes from April 26, 2019. While payment date is on May 13, 2019.
Wema Bank Plc, Nigeria’s oldest indigenous bank and pioneer of Africa’s first fully digital bank (ALAT), has announced a 70 percent growth in Profit Before Tax (PBT), from N1.80 billion in third quarter 2017 to N3.07 billion in third quarter ended September 30, 2018. Profit after Tax (PAT) rose by 72.55 percent to N2.64 billion […]
Wema Bank, an emerging leader in financial innovation, recently concluded arrangements with AIICO Insurance Plc., one of the leading insurance companies in Nigeria, to increase access to retail insurance products leveraging the bank’s network. The formalisation of this partnership follows its endorsement by the National Insurance Commission (NAICOM) and the Central Bank of Nigeria (CBN). […]
For decades, support to startups and small businesses grouped under the acronym MSMEs in Nigeria has been less than required, owing to a lack of proper bankable business structure, deficient collateral requirement, and low margins needed to attract funding from commercial banks. Wema Bank, however, seems intent on shaping a new reality for small businesses […]
Wema Bank Plc, has launched a comprehensive Hospital Management Solution System designed to enhance day-to-day operations of hospitals in Nigeria by digitizing core administrative processes and patient data management in medical centres. The Hospital Management Solution System is a one stop-shop single technology platform that enables patients makes payment (Cash or card) at various cash […]
Wema Bank Plc has grew its profit after tax by 28.84 percent, from N1.218 billion in 2017 to N1.569 billion in 2018, thus making the bank which prides itself as a leader in digital banking in Nigeria being able to sustain its earnings performance for the period ended June 30, 2018. According to the bank’s Q2 […]
Wema Bank Plc, Nigeria’s longest serving indigenous Bank and pioneer of Africa’s first fully digital bank ALAT, has introduced agent banking in Kano as it seeks to deepen its retail footprint across informal economic sectors of the North-Western states and to drive financial inclusion within the entire northern region of the country. Agent Bank is […]
As a financial institution committed to wealth creation, Wema Bank plc, pioneer of Africa’s first fully digital bank ALAT, has sponsored a number of small and medium scale businesses to a capacity building training on creating sustainable wealth which was organized by PwC in Lagos. Wema Bank, keen to grow the capacity of small businesses […]
Wema Bank Plc., Nigeria’s innovative Bank which pioneered the country’s first digital bank ALAT has announced that it is taking some of its customers to Russia this June. The promotion, which will reward a selected number of customers have saved at least N100,000 in their Wema Savings Accounts or ALAT Account over a period of […]