[ad_1]
Wema Financial institution, one among Nigeria’s oldest surviving banks, clocks 79 years in the present day. Its historical past is one among an increase from humble beginnings to the highest of banking in Nigeria.
Established by Late Chief Mathew Adekoya Okupe as a non-public restricted legal responsibility firm beneath the identify Agbonmagbe Financial institution Restricted, it ran branches in Ebute-Metta, Sagamu, Abeokuta, and Ijebu-Igbo A giant distinction to its present presence throughout main cities within the nation and past.
Even beneath the management of its founder, the financial institution flourished earlier than it was later acquired by the Western Nigeria Advertising Board.
Forty-two years after its institution, the outdated partitions of Agbonmagbe remodeled into what’s to be referred to in the present day as Wema Financial institution. The transfer kickstarted a brand new part within the rise to prominence. The identical yr, it obtained a business banking licence and launched operations in the identical yr.
In 1987, the financial institution turned a public restricted legal responsibility firm, and its itemizing on the Nigerian Inventory Trade in 1990 beneath the image WEMABANK adopted.
Whereas the financial institution sticks to its early promise, the foremost shift to its operations didn’t come till February 2001 when the Central Financial institution of Nigeria granted it a Common Banking Licence. Since then, it has continued to develop, increasing its base within the monetary panorama.
In 2015, the financial institution was elevated from a regional banking licence to a nationwide licence.
Wema Financial institution PLC’s progress over time is value celebrating. From a modest institution, its merchandise throughout the 150 enterprise places of work and digital platforms now present retail, SME, commerce, treasury, enterprise advisory, and company banking companies to hundreds of thousands of Nigerians and foreigners.
Based on the MD/CEO of Wema Financial institution, Mr. Moruf Oseni, the financial institution’s evolution has been a real story of resilience and transformation.
For Oseni, whereas the previous 79 years have been exceptional, the longer term will be much more inspiring.
“As we mark our 79th yr in the present day, we reaffirm our dedication to empowering lives via innovation and exceeding our clients’ expectations with unparalleled banking experiences tailor-made to their wants.
“We pledge to face by our clients via each stage of life, providing enabling platforms to speed up their progress and propel them to extraordinary heights,” he stated.
[ad_2]
Source link
