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Wema Bank has successfully concluded its recapitalisation exercise, achieving a capital base 32 percent higher than the minimum required by the Central Bank of Nigeria (CBN), according to an official company disclosure.
The recapitalisation effort, which took place over the past several months, was part of Wema Bank’s strategic plan to strengthen its balance sheet and align with the CBN’s renewed capital requirements for Nigerian banks. The bank said the achievement underscores investor confidence and long-term commitment to sustainable growth.
Chief Executive Officer, Moruf Oseni, described the result as a milestone that cements Wema Bank’s position as a forward-looking financial institution ready to scale operations in a changing market. He noted that the additional capital will boost the bank’s lending capacity, support digital expansion, and enhance service delivery across sectors.
Wema Bank, known for pioneering Africa’s first fully digital bank, ALAT, has consistently leveraged technology to drive inclusion and customer satisfaction. Analysts say this recapitalisation further strengthens the bank’s ability to compete effectively in the increasingly digital and innovation-driven financial landscape.
The bank’s performance comes amid the CBN’s directive for all Nigerian banks to meet higher capital thresholds to ensure systemic stability and improve resilience against economic shocks. By exceeding the benchmark, Wema Bank demonstrates proactive governance and robust risk management, according to market observers.
Industry experts suggest that the bank’s early compliance and strong capital position could attract both local and foreign investors, particularly as Nigeria’s financial sector continues to evolve under new regulatory frameworks. The development also sends a positive signal to customers and shareholders about the bank’s long-term viability and vision.
With the recapitalisation successfully completed, Wema Bank says it will continue focusing on customer-centric innovation, sustainable finance, and digital transformation to sustain growth momentum in the years ahead.
The recapitalisation effort, which took place over the past several months, was part of Wema Bank’s strategic plan to strengthen its balance sheet and align with the CBN’s renewed capital requirements for Nigerian banks. The bank said the achievement underscores investor confidence and long-term commitment to sustainable growth.
Chief Executive Officer, Moruf Oseni, described the result as a milestone that cements Wema Bank’s position as a forward-looking financial institution ready to scale operations in a changing market. He noted that the additional capital will boost the bank’s lending capacity, support digital expansion, and enhance service delivery across sectors.
Wema Bank, known for pioneering Africa’s first fully digital bank, ALAT, has consistently leveraged technology to drive inclusion and customer satisfaction. Analysts say this recapitalisation further strengthens the bank’s ability to compete effectively in the increasingly digital and innovation-driven financial landscape.
The bank’s performance comes amid the CBN’s directive for all Nigerian banks to meet higher capital thresholds to ensure systemic stability and improve resilience against economic shocks. By exceeding the benchmark, Wema Bank demonstrates proactive governance and robust risk management, according to market observers.
Industry experts suggest that the bank’s early compliance and strong capital position could attract both local and foreign investors, particularly as Nigeria’s financial sector continues to evolve under new regulatory frameworks. The development also sends a positive signal to customers and shareholders about the bank’s long-term viability and vision.
With the recapitalisation successfully completed, Wema Bank says it will continue focusing on customer-centric innovation, sustainable finance, and digital transformation to sustain growth momentum in the years ahead.