Wema Bank
|
Public NSE :WEMABANK | |
| Industry | Financial Services |
| Founded | 1945 |
| Headquarters | Lagos, Nigeria |
Key people |
Mr. Adeyinka Asekun, Chairman Segun Oloketuyi, MD/CEO |
| Products | Loans-ROD, FTL,WAAS, Credit Cards, Savings- WTA, PCA, DA,WETSA, Investments, Mortgages |
| Total assets | ₦ 245,704,597,430 (2012)[1] |
Number of employees | 1,317 |
| Website | http://www.wemabank.com |
Wema Bank Plc, commonly known as Wema Bank, is Nigeria's longest surviving indigenous commercial bank.
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.[2]
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.[3]
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:[4]
| Centenary Bank Stock Ownership | |||||||||||||||
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Branch network
The bank's branch network spans the entire country.[5]