Established in 1945 as Agbonmagbe Bank Limited, Wema Bank has evolved into a leading player in Nigeria’s banking sector. Wema Bank is listed on the Nigerian Exchange Group (NGX) and operates a robust network of branches and digital platforms that cater to millions of customers across the country.
Over the years, Wema Bank has distinguished itself through innovation and adaptability. The most notable milestone in its journey was the launch of ALAT by Wema in 2017, Nigeria’s first fully digital bank. ALAT revolutionized the country’s financial services landscape by enabling customers to open accounts, save, and carry out transactions entirely online without visiting a physical branch.
Financially, Wema Bank has shown steady growth in assets, profitability, and customer deposits, reflecting prudent management and a strong governance framework. Despite the challenges posed by Nigeria’s dynamic economic environment, the bank has continued to expand its offerings in retail, corporate, SME, and digital banking segments, ensuring it serves a diverse customer base effectively.
Looking ahead, Wema Bank is well-positioned to consolidate its role as a leading digital-first bank in Africa. With a strategy anchored on technology, customer experience, and sustainability, the institution remains committed to redefining banking standards while contributing to Nigeria’s economic development. Its resilience, innovation-driven culture, and unwavering customer focus have solidified its place as a trusted partner in the financial journeys of individuals, businesses, and communities.
Today, Wema Bank is positioning itself as a symbol of transformation, adaptability, and progress—an enduring testament to how Nigerian banks can thrive through vision, innovation, and a commitment to the future.
