Wema Bank Plc said it has entered into partnerships with Development Bank of Nigeria (DBN) to improve access to cheaper funds for small businesses in Nigeria, recently.

We have come to the second section of this discussion on Wema Bank’s SME-focused credit facility. As a catch up on what was discussed in the first section which came in four parts, the key information was that the bank has special offers or services for small businesses.

Wema Bank Plc said it has entered into partnerships with Development Bank of Nigeria (DBN) to improve access to cheaper funds for small businesses in Nigeria, recently.

We have come to the second section of this discussion on Wema Bank’s SME-focused credit facility. As a catch up on what was discussed in the first section which came in four parts, the key information was that the bank has special offers or services for small businesses.

Wema Bank Plc said it has entered into partnerships with Development Bank of Nigeria (DBN) to improve access to cheaper funds for small businesses in Nigeria, recently.

Wema Bank Plc said it has entered into partnerships with Development Bank of Nigeria (DBN) to improve access to cheaper funds for small businesses in Nigeria, recently.

We have had repetitions of the previous content on the aspect of this column dealing with requirements for the various packages under the Wema Bank credit facility for small businesses. Maybe, aside the over flogging, it must have settled in the mind of any interested individual to put action behind the information regardless of the seeming steep requirements.

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

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.

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 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.

Wema Bank Plc said it has secured $35 million facilities from two international lenders to grow financial support to small and medium-scale enterprises, SMEs in Nigeria.

Wema Bank Plc has has lined up series of activities which would  impact every segment of the society for the first 14 days in February to celebrate this year‘s Valentine Day.

SHAREHOLDERS of   Wema Bank Plc have approved the plan by the bank to reduce its share premium capital by N40.172 billion to N8.698 billion from N48.870 billion.