Wema Bank Plc was incorporated in
May 1945 as a private limited liability company
and commenced business operations as a commercial
bank in the same year. The Bank was converted to a
public limited liability company in April 1987 and
was subsequently listed on the floor of the
Nigerian Stock Exchange in January 1990.
On February 5, 2001, the Central
Bank of Nigeria granted a Universal Banking
Licence to the Bank, thus allowing the Bank to
undertake a wide range of financial services to
its numerous customers across the country.
The Bank has witnessed tremendous
growth and development in branch network, quality
of service delivery and overall financial
performance in the last two decades. We have
embarked on a process of corporate transformation
that has resulted in the emergence of a
restructured Wema Bank Plc, strategically
positioned to fully optimize opportunities in the
Wema Bank Plc is adequately
capitalized, our shareholders’ funds is in excess
of N25 billion and our asset base is N165 billion.
Presently, Odu’a Investment Company Limited holds
10% equity stake in the Bank, while private
individual investors and staff of the Bank own the
The authorized share capital of
the Bank is N7,000,000,000.00 divided into
14,000,000,000 ordinary shares of 50kobo each.
With banking operations spanning
sixty years, Wema Bank Plc is reputed to be the
longest surviving indigenous bank in Nigeria. Wema
Bank Plc is a customer-focused bank. We take
delight in learning the intricacies of our
customers businesses and preferences, thus our
byline “taking you to greater heights”.