Wema Bank
|
Public NSE :WEMABANK | |
| Industry | Financial services |
| Founded | 1945 |
| Headquarters | Lagos, Nigeria |
Key people |
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 |
www |
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][4][5]
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:[6]
| Centenary Bank Stock Ownership | |||||||||||||||
|
Branch network
The bank's branch network spans the entire country.[7]
See also
References
- ↑ Wema Bank Audited Financials 2012
- ↑ The History of Wema Bank
- ↑ Overview of Wema Bank
- ↑ http://allafrica.com/stories/201002260264.html Wema Bank Is One of Ten Nigerian Banks In Need of Recapitalization]
- ↑ South African Financial Houses Express Interest In Troubled Nigerian Banks
- ↑ Shareholders of Wema Bank Plc.
- ↑ Branch Network of Wema Bank