Type Public
NSE :WEMABANK Website www.wemabank.com Founded 1945 | Industry Financial services Headquarters Lagos, Nigeria Number of employees 1,317 | |
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Products Loans-ROD, FTL, WAAS, credit cards, savings – WTA, PCA, DA, WETSA, investments, mortgages Total assets ₦ 245,704,597,430 (2012) Subsidiaries Marina Nominees (UK) Limited, Wema Homes Limited, Wema Registrar Limited, Wema Venture Limited Key people Adeyinka Asekun, Segun Oloketuyi Profiles | ||
Introducing 945 by wema bank
Wema Bank Plc, commonly known as Wema Bank, is a Nigerian commercial bank.
Contents
History
The bank was established on May 2, 1945, as a private limited liability company. It was granted a commercial banking license and commenced banking activities during the same year. Wema Bank converted to a public limited liability company in 1987. In 1990, the bank was listed on the Nigerian Stock Exchange. It trades under the symbol: WEMABANK. It was granted a Universal Banking License in February 2001.
Overview
Wema Bank is a large financial services provider that has been in the banking business continuously for the past 65 years. It is the oldest indigenous commercial bank in Nigeria.
Ownership
Wema Bank Plc. is a publicly traded limited liability company, trading under the symbol WEMABNK on the Nigerian Stock Exchange. According to the company website, the shareholding in the bank is as depicted in the table below:
Branch network
The bank's branch network spans the entire country.