Wema marks 78th, eyes tier-one status

Managing Director and Chief Executive Officer, Wema Bank Plc, Moruf Oseni, yesterday, said the financial institution is set to become a tier one with hands-on development.

Speaking at the bank’s 78th and Alat at six anniversaries, Oseni said the recorded N39.35 billion gross earnings in the first quarter of the 2023 financial period is a testament to what the bank is set to achieve.

Oseni noted that such a feat is the best the bank has had in 13 years, saying that the investing and international communities should watch out for greater things to come in the bank.

He said the Q1, 2023 results show the acceleration in the bank’s growth plan and its continued focus on delivering optimal returns to the investors as well as the impact of a talented workforce dedicated to delivering exceptional service to its customers.

He said: “For a banking institution that has lasted 78 years, where many of its peers have disappeared, it behooves us to celebrate. This is our 8th decade as we push to the 9th. It is going to be a bigger celebration when we hit 80.

“The biggest milestone so far is that we have brought the bank to the very height of banking in Nigeria. Six years ago we launched a grand breaking product called Alat and over the past six years, testimonies locally and internationally have shown that it’s a world-class product.

“As far as we are concerned, it has brought us to the forefront of banking in Nigeria. If you look at our results over the last few years, you will see an uptrend in all our numbers. Wema is back and the investing and international communities should watch. Our best days are ahead of us.

“There’s only one aim and it is to take this bank to where it was when some of us were kids. We intend to become a tier one bank in Nigeria in the not too distant future.”