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About the Company

Wema Bank PLC, established in 1945, is Nigeria’s longest-surviving indigenous bank. Licensed by the Central Bank of Nigeria, it offers a range of personal and business banking products and services, including loans, investments, trade finance, and digital solutions. In 2017, Wema Bank launched ALAT, Africa’s first fully digital bank, revolutionizing the banking experience for its customers.

Leadership Team

• Dr. (Mrs) Oluwayemisi Olorunshola – Chairman
• Moruf Oseni – Managing Director/Chief Executive Officer
• Mr. Tunde Mabawonku – Executive Director, Finance & Risk
• Mrs. Folake Sanu – Executive Director, Lagos Business Directorate
• Mr. Wole Akinleye – Executive Director, South Business Directorate

Corporate Social Responsibility (CSR)

Wema Bank is committed to corporate social responsibility through initiatives that promote community development, environmental sustainability, and economic growth. The bank emphasizes responsible business practices and social impact, aiming to improve the quality of life in its host communities.

Company Milestones

• 1945: Established as Agbonmagbe Bank Limited.
• 1969: Renamed Wema Bank Limited.
• 1990: Listed on the Nigerian Stock Exchange.
• 2017: Launched ALAT, Africa’s first fully digital bank.
• 2022: Announced 108.3% growth in profit before tax and total assets surpassing ₦1 trillion.