Wema Bank celebrates 78th anniversary in the banking industry, saying the financial institution next objective is to become a tier one with hands-on development.
Managing Director and Chief Executive Officer, Wema Bank Plc, Moruf Oseni, yesterday, said they 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.
He said: “For us as an institution that lasted for 78 years where many of its peers have disappeared, it’s a great feat. This is our 8th decade and as we push to our 9th decade, I think obviously there will be much bigger celebration when we hit 80. And hopefully in another 80 years, we pray that Wema is alive.
The biggest milestone so far is that we brought the bank back 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 it’s testament both locally and internationally as a world class product. So as far as we are concerned it brought us back to the heart of banking in Nigeria.
“Our best is yet to come. We set N30 billion and it is a fantastic number. But honestly we did N30 billion this year, first N30 billion this year and we will do much more next year. This bank is a confluence of two great banks, Wema and National and at the time, those two banks were in the top five banks in Nigeria.
The aim is to take this bank to that height. This bank must go back to tier one.”