Wema Bank Plc says it is intensifying efforts to join Nigeria’s tier-one banking group in the near term, through strong earnings growth, fresh capital inflows and a strategic expansion drive.
The Managing Director and Chief Executive Officer, Moruf Oseni, gave the assurance on Wednesday at the bank’s Annual General Meeting (AGM) in Lagos.
He said that the institution had recorded a deliberate and consistent improvement in profitability over the past three years.
Mr Oseni said management and staff were intentionally positioning the bank for top-tier status, pointing to a sharp rise in earnings as evidence of sustained execution of its growth strategy.
According to him, the bank’s profit trajectory rose from N42 billion to N102.51 billion and then to N221.9 billion in the 2025 financial year, representing nearly a fivefold increase over three years.
