Wema Bank has reported measurable growth over the last decade, growing its assets 13-fold over the period.
According to The PUNCH’s findings, the size of the lender’s assets have jumped 1,185 per cent to N5.23tn between the first quarter (Q1) of 2016 and the corresponding period of 2026.
The monetary value of Wema Bank’s asset size rose from N407bn in 2016 to N5.23tn in 2023.
The sharp increase in asset size over the 10-year period means Wema Bank now manages more than 13 times the resources it held a decade ago, significantly strengthening its financial capacity.
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The expansion has important implications for the lender’s operations and the broader economy.
A larger asset base gives Wema Bank greater capacity to extend credit to households and businesses, finance infrastructure and corporate projects, absorb economic shocks, and comply with tighter regulatory capital requirements. It also enhances the bank’s competitiveness
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