| #48 | Wema Bank Plc |
|---|---|
| BSM Index | 42 |
| YoY | -5 |
| CEO | Segun Oloketuyi |
| Year Founded (in Nigeria) | 1945 |
| Website | www.wemabank.com |
| Head Office | 54, Marina Street, Lagos Island, Lagos. |
| Nationality | NG |
| Customer Base | – |
| Number of Branches | 150 |
| Annual Turnover | – |
| Employees | 1,500 |
| Marketing Budget | – |
Wema Bank Plc:
Transforming Banking Through Innovation and Excellence
Wema Bank Plc has established itself as a major Nigerian through a focus on innovation and customer service. Founded in 1945 as Agbonmagbe Bank Limited, it evolved into Wema Bank and has become synonymous with progress and resilience in the financial sector. A key milestone in the bank’s journey was the launch of ALAT in 2017, Africa’s first fully digital bank, which transformed how banking services are accessed and utilized in Nigeria. ALAT enables users to perform a wide range of banking activities from their mobile devices, reflecting Wema Bank’s commitment to making financial services more accessible and convenient.
The bank has also innovated in the business sector with the introduction of ALAT for Business, which offers specialized banking solutions tailored to meet the needs of various enterprises. This platform is designed to simplify banking for businesses, helping them navigate the complexities of financial management with ease. Additionally, Wema Bank launched AlatPay, a digital payment solution that empowers small businesses by facilitating secure transactions and offering customizable storefronts, further positioning the bank as a digital banking leader.
Wema Bank’s commitment to sustainability and corporate responsibility is demonstrated through its recognition at the 2024 Global Sustainable Finance Awards. The bank was honored for its contributions to SME finance and for its digital platforms that promote financial inclusion and environmental sustainability. These awards underscore Wema Bank’s leadership in integrating sustainable practices into its core operations, marking it as a forward-thinking institution dedicated to driving positive change in the financial industry.
Wema Bank is boast of a N2.6 trillion asset base at the close of in Q1 2024, and still growing.
With over 150 branches and a robust digital presence, Wema Bank continues to expand its reach across Nigeria, delivering a broad spectrum of financial services that cater to the needs of individuals and businesses alike. As it advances, Wema Bank remains focused on innovation, sustainability, and excellence, setting new benchmarks for the Nigerian banking sector and beyond.
