is the pioneer of Africa’s first fully digital bank, ALAT, and one of Nigeria’s most resilient banks. With decades of experience in the business of banking, the Bank has remained innovative in delivering value to its stakeholders. The publicly quoted Nigerian company has successfully built a legacy of trust and resilience that has won it the loyalty of its customers.
From Humble Beginnings To An Award-Winning National Bank, Wema Bank started as a small organization known as Agbonmagbe Bank Limited way back in 1945 – the same year the Second World War ended. Forty-two years later, it transformed into Wema Bank PLC and kickstarted a new phase in the rise to prominence.
In January 1990, the Bank was listed on the Nigerian Stock Exchange and while the world did stand up and take notice, the first major expansion did not come until February 2001
when the Central Bank granted the bank a universal banking license to offer a broader range of banking services.
Wema Bank became a regional financial powerhouse in 2009 and from there, it took a short six years to achieve national relevance.
Today, not only is the Bank Nigeria’s longest surviving indigenous bank, Wema Bank have also been celebrated globally for its resilience and unprecedented adoption of digital technology which led to the launch of ALAT, Nigeria’s first fully digital bank, as a revolutionary Wema Bank product in 2017 With over 150 business offices and digital platforms provide retail, SME, trade, treasury, business advisory and corporate banking services to millions of Nigerians and foreigners.
The Bank is constantly introducing products and services tailored to the needs of its customers at every stage of their lives. It is a proud partner to more than one million individuals, families and businesses across Nigeria, helping them achieve their personal and financial goals.
Our Share Holding
Odu’a Investment Company Limited own 3.09% shares in this company while 96.91% of the share are own by other investors.
WEMA Bank Plc
P.M.B. 12862 Lagos Nigeria.