Tag Archives: Wema Bank

Wema Bank’s ALAT, Africa’s first fully digital bank went all out to excite travelers flying out of Lagos with the ALAT airport mural.

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Wema Bank Plc - the inventor of Nigeria’s first fully digital bank, ALAT – has rewarded 20 of its Royal Kiddies Account holders as the financial institution announced winners of the Wema Education Awards for 2019.

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ALAT by Wema, Africa’s first fully digital bank, has emerged Best Digital Platform in Nigeria 2019 by International Business Magazine, a leading global journal that promotes flagship talent bearers from across the globe.

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Wema Bank Plc, the pioneer of Nigeria’s first fully digital bank ALAT, has empowered over 100 women in the Micro, Small and Medium Enterprises (MSME) sub-sector. The business advisory seminar, tagged ‘Running A Profitable Business’ brought women entrepreneurs together from the bank's Lagos Region.

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Wema Bank Plc has said that its profit before tax rose by 43.64 per cent to N2.61bn at the end of June 2019, from N1.81bn in the corresponding period of 2018.

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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.

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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.

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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 in third quarter 2018 from …

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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). Following the increase in uptake …

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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 in Nigeria. Wema Bank, the …

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