Always Visit www.NaijaCover.Com

Posted By Udokabestluv On May 6th, 2024

AS Wema Bank celebrated its 79th anniversary and ALAT 7th year anniversary yesterday, the bank had promised to set new standards in financial services and redefine the future in the next decade.

The managing director/CEO, Wema Bank, Mr Moruf Oseni, while reacting on the bank’s evolution from being Nigeria’s oldest indigenous bank to being at the forefront of innovation, pioneering Africa’s first fully digital bank, ALAT, said, it has been a true story of resilience and transformation.

“At 79, Wema Bank stands stronger than ever, and this achievement would not have been possible without the support of our customers and employees. We thank them for believing in the Wema vision, for entrusting their financial security to us, and for allowing us to contribute to their personal and professional aspirations. Their faith in us is deeply cherished, and we are honoured to serve them.

“As we mark our 79th year today (Yesterday), we reaffirm our commitment to empowering lives through innovation, and exceeding our customers’ expectations with unparalleled banking experiences tailored to their needs.

Our pledge is to stand by our customers through every stage of life, offering enabling platforms to accelerate their growth and propel them to extraordinary heights,” he stressed.

To him, “while the past 79 years have been remarkable, we anticipate that the coming decades will be even more inspiring. With the partnership of our customers and employees, Wema Bank is poised to set new standards in financial services and redefine the future.”

As part of the anniversary celebrations, Wema Bank and ALAT are rolling out a series of customer-focused activities designed to reward loyalty and enhance the customer experience. Throughout the anniversary month, customers will enjoy various promotions, including discounts on transactions, cash prizes, special loan offers and much more.

The bank stated that the anniversary is more than a celebration; it’s a reaffirmation of Wema Bank’s resilience and ongoing commitment to innovation and customer satisfaction in a competitive industry.

Both Wema Bank and ALAT are poised for further growth, with strategic initiatives designed to enhance customer-centric services and expand the reach and capability of digital banking solutions, the bank pointed out.

Since its inception in 1945, Wema Bank has been at the forefront of financial innovation, constantly adapting to meet the evolving needs of its customers. Over the decades, the bank has evolved from a regional bank to a national bank, adapting continuously to meet the dynamic needs of its customers and establishing itself as a pillar of trust and reliability for millions of individuals and businesses across Nigeria.

The bank will seek shareholders’ approval to raise N200 billion in capital at the group’s annual general meeting (AGM) scheduled to be held electronically on 28th May 2024.

This was contained in the group’s AGM notice to the Nigerian Exchange group.

According to the notice, the bank intends to raise N200 billion or more through various means such as public offers, rights issues, and private placements to meet regulatory capital requirements and fulfill its business objectives, as stated in the notice.

The company also plans to increase its issued paid-up share capital from N6.429 billion to N25 billion by creating an additional 37.14 billion ordinary shares, each valued at 50 kobo, which will have equal rights with the existing shares.

Source: https://tribuneonlineng.com/wema-bank-commemorates-alat-at-7-wema-at-79th/