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Wema Bank Plc (Nigeria)

Main Activities: Commercial Banking
Full name: Wema Bank Plc Profile Updated: August 14, 2022
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

Wema Bank Plc operates as a commercial bank in Nigeria. It is a financial services provider with a network of 110 branches located across the six geo-political regions in the country, including Abuja. The Company's services include commercial banking, corporate finance, institutional banking, retail banking and trade finance. The Company's commercial banking division manages the relationships of middle-level companies, small businesses and trading clients. Its corporate finance packages include capital market operations, mergers and acquisitions, capital restructuring, venture capital, project finance, investment services/advisory and portfolio management. Institutional Banking activities are specifically structured to provide services to multinationals and corporate clients. The Company's products also include Wema Bounty Account, Wema Inland Funds Transfer, Wema Open Plan Account and Wema Treasure Account

Legal Address
Wema Towers,54, Marina,Pmb 12862
Lagos; Lagos;

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Website: http://www.wemabank.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Ratings:
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Incorporation Date:
1945
Key Executives
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Director / Member of the Management Board
Ownership Details
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14.9%
Subsidiaries
WEMA Bank Funding SPV Plc
100%
Company Performance
Financial values in the chart are available after Wema Bank Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net interest income
29.26%
Operating profit (EBIT)
108.67%
Net Profit (Loss) for the Period
95.01%
Total assets
20.01%
Total equity
18.61%
Total Assets Trend
-16.82%
Net Interest Income Trend
10.54%
Loans to Deposits Ratio
-1.61%
Loans to Asset Ratio
-1.24%

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