2023 BSM Index
TOP 50 BRANDS NIGERIA® 2023
| #43 | AIICO Insurance Plc. |
|---|---|
| BSM Index | 51.9 |
| YoY | – |
| CEO | Babatunde Fajemirokun |
| Year Founded (in Nigeria) | 1963 |
| Website | www.aiicoplc.com |
| Head Office | Plot PC 12, Churchgate Street V.I Lagos |
| Nationality | NG |
| Customer Base | – |
| Number of Branches | 25 |
| Annual Turnover | – |
| Employees | 559 |
| Marketing Budget | – |
Wema Bank Plc:
Transforming Banking Through Innovation and Excellence
Wema Bank Plc, affectionately known as Wema Bank, stands as a beacon of innovation and excellence within Nigeria’s banking sector. As a licensed commercial bank under the regulation of the Central Bank of Nigeria, Wema Bank has carved a unique path, marked by digital transformation and a commitment to delivering superior financial services to its customers.
The bank’s journey dates back to 1945 when it was founded as Agbonmagbe Bank Limited. Over the years, this humble beginning blossomed into Wema Bank PLC, marking a new era of growth and prominence. In 1990, the bank was listed on the Nigerian Stock Exchange, a move that garnered attention and set the stage for its future expansion.
A Trailblazer in Digital Banking: Wema Bank’s forward-looking approach to banking is epitomized by its digital transformation. In 2017, the bank introduced ALAT By Wema, Nigeria’s first fully digital bank. ALAT empowers users to conduct their banking activities seamlessly through mobile phones, PCs, or tablets, eliminating the need for physical visits to a bank branch. This innovative step positions Wema Bank as a pioneer in embracing digital technology to enhance customer experience.
Catalyzing Business Excellence: Wema Bank’s commitment to innovation extends to the corporate sphere with ALAT For Business, the corporate version of its digital platform. This initiative streamlines business banking, providing efficient solutions tailored to the needs of enterprises.
Wema Bank’s journey from a regional powerhouse to achieving national prominence has been marked by resilience and progress. With over 150 business offices and digital platforms, the bank serves millions of Nigerians and foreigners, offering a diverse array of banking services including retail, SME, trade, treasury, business advisory, and corporate banking.
A Symbol of Resilience and Progress: Wema Bank Plc’s ticker symbol, WEMABANK, represents not just a company listed on the Nigerian Stock Exchange, but an emblem of resilience, innovation, and progress. It embodies the bank’s enduring commitment to transforming banking experiences through cutting-edge technology and unwavering customer-centricity.
As Wema Bank Plc continues its journey of growth, digital evolution, and community impact, it stands as a testament to the transformative power of innovation and the remarkable potential of the Nigerian financial landscape.
