Wema Bank Plc. – Reviews and Ratings

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Full Review

Wema Bank Plc, commonly known as Wema Bank, is Nigeria’s most resilient and the longest surviving indigenous commercial bank, Wema Bank is a large financial services provider that has been in the banking business continuously for the past 68 years.

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.

Wema Bank offers a full range of financial services covering commercial and consumer banking, institutional banking, corporate finance, retail banking, trade finance and foreign-exchange operations. The bank maintains a broad client base comprising government parastatals and agencies, small and medium-scale enterprises (SMEs), middle-tier to multinational companies in diversified business enterprises. With about 127 branches spread across its target areas (the western part of the country), the bank’s operation is presently supported by processes, technology and structures that are in tune with global standards, and most importantly, a highly skilled workforce to ensure seamless and excellent service delivery to its various customers.

Quick Review

Founded:            1945

Headquarters:  Lagos, Nigeria

Products:            Loans, Credit Cards, Savings, Investments, Mortgages

Total assets:      205,741,084,430 (2011)

Website:              www.wemabank.com

Branches:           127

 

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Categories: Bank Reviews