Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first
fully digital bank, ALAT, has been announced as the winner of the
‘Commercial Bank of the Year’ Award at the 2025 Nairametrics Capital
Market Choice Awards (NCMC Awards). The announcement was made at the
prestigious awards gala held on May 23rd at the Civic Center in Lagos,
where standout performers across Nigeria’s capital markets were
celebrated.
The Nairametrics Capital Market Choice Awards is a data-driven platform
that recognises excellence among publicly listed companies in Nigeria.
Winners are selected based on key metrics such as revenue growth,
profitability, return on equity, and shareholder value creation. The
2025 edition was themed “Capital Market as a Catalyst for Nigeria’s
Economic Transformation.”
The NCMC Awards recognised Wema Bank for its exceptional financial
performance, value creation, and consistent returns to shareholders. In a
highly competitive ‘Commercial Bank of the Year category’ that included
industry heavyweights, Wema stood out for its record-breaking ₦102
billion profit before tax in 2024, robust year-on-year revenue and
profitability growth, and one of the strongest returns on average equity
in the sector. The bank’s disciplined execution, investor-focused
strategy, and continued leadership in digital innovation further
strengthened its capital market appeal, making it a clear choice for the
award and a rising force among Nigeria’s top-tier financial
institutions.
Receiving this honour during its 80th anniversary year adds profound
meaning to the recognition. For eight decades, Wema Bank has continually
evolved, transforming from a regional lender into a forward-looking,
digitally-led national bank today. Its recognition as ‘Commercial Bank
of the Year’ reflects not just recent performance but a sustained
commitment to resilience, reinvention, and excellence.
Commenting on the award, Moruf Oseni, Managing Director and Chief
Executive Officer of Wema Bank, said, “Being named Commercial Bank of
the Year is a powerful affirmation of the bold choices we’ve made to
transform our business and deliver real value to our stakeholders. It’s a
proud moment for Wema Bank – every employee, customer, and shareholder
who has been part of this journey. As we mark 80 years of impact, this
award celebrates the legacy we’re carrying forward and the future we’re
determined to shape – one defined by innovation, trust, and sustainable
growth.”
Wema Bank PLC also earned a nomination in the highly competitive Company
of the Year category, where it stood as the only financial institution
shortlisted alongside two energy giants. Wema’s presence in both
categories underscores its growing reputation as a high-performing,
innovation-driven institution within and beyond the banking sector.
The NCMC Awards continues to spotlight institutions driving meaningful
change and setting new benchmarks in Nigeria’s capital markets. Wema
Bank’s dual presence of winning Commercial Bank of the Year and earning a
rare nomination in the Company of the Year category reinforces its
growing influence beyond traditional banking. It is a testament to the
bank’s evolution into a dynamic, future-ready institution delivering
impact across sectors.
This accolade further highlights Wema Bank’s momentum in 2025, as the
institution continues to deliver on its strategic goals while
celebrating 80 years of banking excellence and innovation.
No comments:
Post a Comment