Wema Bank Plc has introduced that it has concluded the second tranche of its N50 billion Particular Placement, which was absolutely subscribed, additional strengthening its capital base.
In line with the Bank’s press launch of October 17, 2025, the event marks one other important milestone within the execution of the Bank’s capital administration program geared toward fortifying its steadiness sheet, supporting future progress ambitions, and guaranteeing full compliance with the Central Bank of Nigeria’s (CBN) revised minimal capital necessities.”
The capital increase follows the profitable completion of a N150 billion Rights Subject in September 2025, bringing Wema Bank’s complete qualifying capital to N264.87 billion, nicely above the CBN’s N200 billion threshold for Business Banks with Nationwide Authorization.
Talking on the event, Mr. Moruf Oseni, Managing Director/CEO of Wema Bank, acknowledged:
“We’re delighted to have acquired all needed regulatory approvals for our N50 billion particular placement. This marks one other main step in our technique to strengthen Wema Bank’s capital base, improve liquidity, and place the establishment to pursue rising alternatives for sustained progress. We admire the continued confidence and assist of our shareholders, regulators, and prospects as we execute our progress agenda.”
Proceeds from the position will probably be used to speed up the Bank’s digital transformation, deepen penetration throughout retail, SME, and company segments, and broaden lending capability to key productive sectors of the Nigerian economic system.
The funds will even assist ongoing investments in know-how and human capital growth, boosting operational effectivity and repair excellence.
By finishing this tranche, Wema Bank has de-risked its capital place forward of the March 2026 deadline, incomes further investor confidence as some friends proceed to scramble to fulfill regulatory necessities
What you must know
- On September 10, 2025, Wema Bank introduced the completion of its N150 billion rights challenge, boosting qualifying capital to N214.7 billion.
- This places the Bank comfortably above the N200 billion CBN threshold and nicely forward of the March 2026 deadline.
- Whereas some friends scramble to lift capital, Wema has de-risked early, incomes it further investor confidence.
Monetary efficiency and market sentiment
With the discharge of Q3 2025 outcomes anticipated quickly, Wema Bank’s robust first-half efficiency is predicted to proceed.
The Bank reported a pre-tax revenue of N100.5 billion for the six months ended June 30, 2025, a 229.12% improve from N30.5 billion recorded in the identical interval of 2024.
On the steadiness sheet, complete property climbed to N3.9 trillion, representing a ten.53% improve in comparison with December 2024. Retained earnings additionally grew to N169.3 billion, up from N103.2 billion on the finish of final yr.
This sustained progress and stable capital place have continued to spice up investor sentiment, mirrored in Wema Bank’s share value efficiency.
To this point this yr, the inventory has recorded a year-to-date (YtD) acquire of 106.69%, topping the Nigerian banking sector.
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