Wema Bank

Wema Bank deepens financial literacy for SMEs

Wema Bank deepens financial literacy for SMEs

By Peter Egwuatu Wema Bank Plc, has again demonstrated its commitment to deepening financial literacy and optimisation among its customers, particularly Small Medium Scale  Enterprises, SMEs. The Bank at a webinar themed ‘Unbundling Tax, Legal and Compliance – Issues for SMEs’ held recently stated that business education and registration was essential for any serious-minded entrepreneur […]
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Getting business loans from banks Wema Bank (2)

Getting business loans from banks Wema Bank (2)

Last week we published the series on Wema Bank’s micro, small and medium enterprises, MSME, packages with particular reference to their product called ‘myBusiness Account’.We said then that the account is meant for sole entrepreneurs, micro enterprise business owners, small and medium scale businesses e.g., Private schools, Bakeries, Hospitals, Trading concerns, Commercial printers, Eateries, etc. And we also said that ‘myBusiness Account’ has three variants – Bronze, Silver and Gold.

Wema Bank to sell N20bn bond

Wema Bank to sell N20bn bond

Wema Bank Plc yesterday said it would raise N20 billion via bond offering in August to boost its capital adequacy.

Wema Bank introduces agent banking in Kano

Wema Bank introduces agent banking in Kano

WEMA Bank Plc has  introduced agent banking in Kano State as it seeks to strengthen its contributions to developing the informal sectors and financial inclusion throughout the Northern region.

Wema Bank shareholders kick  against AMCON charges

Wema Bank shareholders kick against AMCON charges

SHAREHOLDERS of Wema Bank Plc have kicked against the 0.5 percent contribution made by deposit money banks to the Asset Management Corporation of Nigeria, AMCON, from their total assets and the plan to extend the lifespan of the bad debts of the bank. Speaking at the bank’s Annual General Meeting, AGM, in Lagos, they also urged the Board of Directors to consider the payment of dividend to the shareholders having concluded the reorganisation of the bank’s capital and successfully returning the bank to profitability.

Wema Bank reports 20.07% growth in gross earnings

Wema Bank reports 20.07% growth in gross earnings

Wema Bank Plc has recorded gross earnings to N65.27 billion from for its financial year ended December 31, 2017, representing 20.07 percent growth compared to N54.36 billion in 2016.