Wema Bank Plc
| Year of Establishment | 1945 (as Agbonmagbe Bank); Renamed Wema Bank in 1969 |
| Website | www.wemabank.com |
| Headquarters | 54 Marina, Lagos Island, Lagos, Nigeria |
| MD / CEO | Moruf Oseni |
| Operations Presence | 149 branches nationwide; Pioneer in fully digital banking |
| Areas of Interest | Retail, Commercial, and Corporate Banking; Fintech & PayTech |
| Annual Revenue | ₦234.21 billion (2024); +91.3% YoY growth |
| Digital Ecosystem | ALAT (Nigeria’s first digital bank), SARA, CoopHub, and Hackaholics |
| Best Known As | Nigeria’s oldest indigenous bank and a leader in digital transformation, bridging traditional banking legacy with cutting-edge financial technology. |
Wema Bank Plc is one of Nigeria’s pioneering and customer-focused financial institutions, known for its innovative banking solutions, long-standing history, and commitment to financial inclusion. Founded in 1945, Wema Bank has grown to become a key player in Nigeria’s banking sector, consistently providing reliable, accessible, and technologically advanced services to individuals, SMEs, and corporate clients.
The bank offers a comprehensive portfolio of retail banking, corporate banking, digital banking, treasury services, trade finance, and SME-focused solutions. Its innovative approach is best exemplified by ALAT by Wema, Nigeria’s first fully digital bank, which provides customers with seamless, convenient, and secure access to banking services through mobile and online platforms. ALAT has revolutionized banking in Nigeria by offering instant account opening, automated savings, bill payments, fund transfers, and lending solutions, making financial services more accessible to a wider population.
Wema Bank’s success is reflected in its strong financial performance and operational growth, with consistent profitability and resilience even during challenging economic periods. The bank has strategically focused on digital transformation, financial inclusion, and customer empowerment, which has strengthened its market position and enhanced trust among clients.
Wema Bank’s operational excellence, governance, and risk management policies ensure transparency, security, and reliability across all banking operations, reinforcing customer confidence and investor trust.
The Bank is also committed to corporate social responsibility (CSR), with initiatives that focus on education, youth empowerment, financial literacy, health, and community development. Programs like scholarships, skill acquisition workshops, and health outreach initiatives have positively impacted thousands of Nigerians, reflecting the bank’s dedication to societal development.
Over the years, Wema Bank has received multiple awards and recognitions, including accolades for Best Digital Bank, Innovation in Financial Services, Customer Service Excellence, and SME Banking Leadership and many more.
Through its innovative banking solutions, digital platforms like ALAT, and dedication to community empowerment, Wema Bank Plc continues to solidify its position as a leading financial institution in Nigeria, driving financial inclusion, technological advancement, and sustainable economic growth.
