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operates a network of over 149 branches and service stations backed by a robust ICT platform across
Nigeria. Wema Bank today has become one of the Founding Signatories of the Principles and for Responsible Banking, committing to strategically align its business with the Sustainable Development Goals
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ALAT For
Business is the corporate version of ALAT. Wema ALAT for Business is an advanced corporate internet banking platform offered by Wema Bank. It is specifically designed to cater to the needs of corporate and SME customers. With ALAT for Business, you can access your business accounts, perform
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ALAT was launched on May 2, 2017 by Wema Bank Plc, a
Nigerian commercial bank. During its first year, ALAT by Wema acquired more than 250,000 customers responsible for well over NGN 1.6bn ($ 4.48m) in general deposits. In 2018, the bank closed in the NGN 1bn ($ 2.78m) mark in terms of deposits into
264:
The bank was established on May 2, 1945, as a private limited liability company (under the old name of
Agbonmagbe Bank Limited). The bank was founded on May 2, 1945 as Agbonmagbe Bank by the Late Chief Mathew Adekoya Okupe. He set up the first branches of the bank which were in Ebute-metta, Sagamu,
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Wema Bank launched the first fully digital bank in
Nigeria, ALAT By Wema, in May 2017. ALAT allows users to carry out all of their banking needs using a mobile phone, PC, or tablet without having to enter a physical bank.
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In
December 2015, Wema became a national bank, with a capital base of over N43.8billion having met the regulatory requirements for the National Banking license as stipulated by the Central Bank of Nigeria
244:. It is licensed by the Central Bank of Nigeria; the regulator of the nation's banking sector. As of 2019, Wema bank operates the largest digital banking system in Nigeria,
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Abeokuta and Ijebu-Igbo. The bank remained his until it was taken over by
Western Nigeria Marketing Board and later renamed Wema Bank Limited in 1969. Since then,
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has gone on to be
Nigeria's longest surviving indigenous bank. It was granted a commercial banking license and commenced banking activities during the same year.
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Please help improve this article by looking for better, more reliable sources. Unreliable citations may be challenged and removed.
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Dr (Mrs) Oluwayemisi
Olorunshola is the Chairman of the Bank; Moruf Oseni is the Managing Director/CEO.
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305:. According to the company website, the shareholding in the bank is as depicted in the table below:
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518:"WEMA BANK Announces 108.3% Growth in Profit Before Tax and Total Assets Now Above ₦1Trillion"
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Wema Bank Plc. is a publicly-traded limited liability company, trading under the symbol
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converted to a public limited liability company in 1987. In 1990, the
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467:. The Hackaholics has become an annual event since inception.
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financial transactions, and manage your finances online.
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463:In March 2019, it hosted Hackaholics - its first
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682:Companies listed on the Nigerian Stock Exchange
639:"Wema Bank boosts tech sector with Hackaholics"
621:"Wema Bank partners UNEP on climate action"
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60:Learn how and when to remove this message
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459:Hackaholics – The Wema Bank Hackathon
408:Digital Transformation (ALAT By Wema)
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575:"CBN upgrades status of Wema Bank"
164:Dr (Mrs) Oluwayemisi Olorunshola,
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347:Odu'a Investment Company Limited
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687:Companies based in Lagos
589:"Wema ALAT for Business"
477:List of banks in Nigeria
16:Nigerian commercial bank
625:www.newtelegraphng.com/
380:Other Private Investors
303:Nigerian Stock Exchange
279:Nigerian Stock Exchange
160:Chief executive officer
32:Some of this article's
593:www.bbankbusiness.com/
369:SW8 Investment Limited
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627:. September 24, 2019.
328:Percentage Ownership
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641:. 28 February 2019.
577:. 19 November 2015.
455:on Climate Change.
422:savings accounts.
211:Number of employees
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595:. August 10, 2023.
482:Economy of Nigeria
277:was listed on the
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180:Commercial banking
117:Financial services
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426:ALAT For Business
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358:Petrotrab Limited
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184:Corporate banking
156:Managing Director
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659:. April 5, 2019.
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561:"Wema Bank Plc"
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205:$ 2.52bn (2021)
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520:. 5 April 2022
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246:ALAT By Wema
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200:Total assets
136:Lagos Island
131:Headquarters
87:Company type
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543:"Wema Bank"
139:Lagos State
134:54 Marina,
37:may not be
671:Categories
504:References
435:Leadership
150:Key people
126:2 May 1945
465:hackathon
448:Wema Bank
293:Ownership
271:Wema Bank
267:Wema Bank
227:.wemabank
97:Traded as
524:13 March
471:See also
451:and the
299:WEMABANK
283:WEMABANK
190:Services
172:Products
166:Chairman
113:Industry
107:WEMABANK
50:May 2024
39:reliable
417:History
301:on the
252:History
220:Website
193:Banking
143:Nigeria
123:Founded
105::
383:45.89
350:10.01
339:27.54
396:100.0
391:Total
372:8.02
361:8.54
215:3500+
526:2023
322:Rank
275:Bank
229:.com
225:www
103:NGX
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