Our History

From Humble Beginnings To An Award-Winning National Bank

We have grown as a bank and today, we own a nationwide network of branches and industry-leading technology.

From a small organisation known as Agbonmagbe Bank Limited way back in 1945 - the same year the Second World War ended, we transformed into Wema Bank PLC and kickstarted a new phase in our rise to prominence.

In January 1990, we were listed on the Nigerian Stock Exchange and while the world did stand up and take notice, our first major expansion would not come until February 2001 when the Central Bank granted us a universal banking license to offer a broader range of banking services.

Wema Bank became a regional financial powerhouse in 2009 and from there, it took us a short six years to achieve national relevance.

Today, not only are we Nigeria's longest surviving indigenous bank, we have also been celebrated globally for our resilience and unprecedented adoption of digital technology which led to the launch of ALAT, Nigeria’s first fully digital bank, as a revolutionary Wema Bank product in 2017.

Our over 150 business offices and digital platforms provide retail, SME, trade, treasury, business advisory and corporate banking services to millions of Nigerians and foreigners.

We are here for the long haul, and we will always do our best to maintain the highest standards of social responsibility, diversity and corporate governance.