Wema marks 78th, eyes tier-one status

Wema Bank Plc’s Managing Director and CEO, Moruf Oseni, stated yesterday that the financial institution is on track to become a tier one with practical development.

Speaking at the bank’s 78th and Alat at Six anniversaries, Oseni said that the first-quarter 2023 financial period gross earnings of N39.35 billion are a testament to what the bank is aiming to accomplish.

Oseni pointed out that this accomplishment is the bank’s best in 13 years and warned the investing and international communities to keep an eye out for bigger things to come.

According to him, the bank’s Q1 2023 results demonstrate the acceleration of its growth strategy, its ongoing commitment to providing investors with the best possible returns, as well as the value of a talented workforce committed to providing top-notch customer service.

“It behooves us to celebrate,” he said, “for a banking institution that has endured 78 years, where many of its peers have vanished. As we near the ninth decade, this is our eighth decade. When we turn 80, there will be a bigger celebration.

The biggest accomplishment thus far is that we have elevated the bank to the pinnacle of Nigerian banking. We introduced a ground-breaking product called Alat six years ago, and over the intervening period, testimonials from both domestic and international sources have demonstrated that it is a top-tier product.

“In our opinion, it has elevated us to the forefront of Nigerian banking. You can see an upward trend in all of our numbers if you look at our results from the previous few years. The international and investing communities should pay attention now that Wema is back. The best of times is yet to come.

“Returning this bank to the state it was in when some of us were children is the only goal. Within a short period of time, we hope to become Nigeria’s top bank.