The Nairametrics Capital Market Choice Awards (NCMC) has crowned Wema Bank, Nigeria’s pioneering digital bank and creator of Africa’s first fully digital bank, ALAT, as “Commercial Bank of the Year” at its 2025 awards.
The award committee announced the prestigious award on May 23rd at the Civic Center in Lagos, recognizing the bank’s exceptional financial performance, value creation, and consistent returns to shareholders.
The bank’s impressive record-breaking ₦102 billion profit before tax in 2024, robust revenue and profitability growth, and strong returns on average equity coupled with Wema Bank’s disciplined execution, investor-focused strategy, and digital innovation leadership further solidified its capital market appeal, set it apart in a highly competitive category.
Receiving this honor during its 80th anniversary year also add profound meaning to the recognition as Wema Bank has continually evolved, transforming from a regional lender to a forward-looking, digitally-led national bank.
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Moruf Oseni, Managing Director and CEO 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
Wema Bank was the only financial institution to make the shortlist in the Company of the Year category, alongside two energy giants. Thus, this dual recognition underscores Wema Bank’s growing reputation as a high-performing, innovation-driven institution.
The NCMC Awards spotlights institutions driving meaningful change and setting new benchmarks in Nigeria’s capital markets.
Wema Bank’s win reinforces its momentum in 2025, as the institution continues to deliver on its strategic goals while celebrating 80 years of banking excellence and innovation.
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