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Wema Bank Plc
54 Marina, Lagos Island
Phone: +234 12778600p:+234 12778600 LAGOS, 101241  Nigeria Ticker: WEMABANKWEMABANK
Business Summary
Wema Bank Plc is a Nigeria-based bank that offers retail banking, small and medium-sized enterprise (SME) banking, corporate banking, treasury, trade and financial advisory services. Its segments include South-west, South-South, Abuja, and Lagos zones. Its Business Solutions include Corporate Banking, Trade Services, and e-banking. Its Trade Services include Letters of Credit, Bills for Collection, Bonds / Guarantees, Export Processing, Invisible Transactions, Funds Transfer, Form M processing, pre-arrival assessment report (PAAR) processing, and SME Form Q processing. Its Corporate Banking include Overdraft, Agric Finance, Lease Finance Facility, Global Trade and Correspondent Banking, Term Loan, and Import Finance Facility. Its SME solutions include Retail Management, Agent Banking, Collection and Payment, and Integrated Revenue Management. Its SME loans include Business Support Facilities, CBN SME Loan, and Other SME Loans.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
Yes----Yes-

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/202412/31/2023Yes----

Industries
SIC Code Description
6020 Commercial banks
6029 Commercial banks, not elsewhere classified
6035 Savings institutions, federally chartered
6153 Short-term business credit institutions, except agricultural
6282 Investment advice

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board OluwayemisiOlorunshola 6/1/2023 1/27/2022
Chief Executive Officer, Managing Director, Director MorufOseni 4/1/2023
Chief Financial Officer, Deputy General Manager, Executive Director TundeMabawonku 12/30/2022 12/30/2022
12 additional Officers and Directors records available in full report.

Business Names
Business Name
Wema Bank Plc
WEMABANK

General Information
Number of Employees: 1,726 (As of 12/31/2023)
Outstanding Shares: 21,430,178,125 (As of 6/30/2024)
Shareholders: 254,775
Stock Exchange: NIG
Fax Number: +234 12669236


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Monday, December 2, 2024