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Last 0.97 NGN
Change Today 0.00 / 0.00%
Volume 1.2M
As of 9:30 AM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

wema bank plc (WEMABANK) Snapshot

Previous Close
Day High
Day Low
52 Week High
07/21/14 - 1.21
52 Week Low
09/25/14 - 0.85
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for WEMA BANK PLC (WEMABANK)

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wema bank plc (WEMABANK) Details

Wema Bank Plc provides banking and other financial services to corporate and individual customers in Nigeria. The company offers current and saving accounts, hybrid accounts, and term deposits; consumer loans; and collection services. It also provides commercial banking services, including overdraft and credits, drawing against uncleared effects, salary advance, direct credit, revolving credit, warehouse financing, contingent liabilities, letters of credit, banker’s acceptances, invoice discounting/receivable refinancing, and relationship management services; and trade services, such as form M and NXP processing, bills for collection, shipping documents handling, trade finance, invisible trade, offshore guarantee, and advisory services. In addition, the company offers loans and financing services comprising overdraft, corporate finance, invoice discounting, term loans, and agri finance services, as well as off balance sheet, import financing, cheque discounting, and finance leasing facilities; investment products, including bond investments and foreign exchange products; and revenue collection services. Further, it provides small and medium scale enterprise (SME) investments and financial advisory services; SME loans; foreign exchange, cash management, retail management, and integrated revenue services; and cards and electronic banking services. The company operates a network of approximately 128 branches, 150 ATMs, and 1,556 PoS terminals in South-West, South-South, Abuja, and Lagos zones. Wema Bank Plc was founded in 1945 and is headquartered in Lagos, Nigeria.

Founded in 1945

wema bank plc (WEMABANK) Top Compensated Officers

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Executives, Board Directors

wema bank plc (WEMABANK) Key Developments

Wema Bank plc Reports Audited Earnings Results for the Year Ended December 31, 2014

Wema Bank Plc reported audited earnings results for the year ended December 31, 2014. For the year, the company reported operating income of NGN 25,197,380,000 against NGN 20,957,449,000 a year ago. Net cash used in operating activities was NGN 40,218,014,000 against NGN 14,012,504,000 a year ago. Acquisition of property and equipment was NGN 3,194,050,000 against NGN 1,536,537,000 a year ago. Acquisition of intangible assets was NGN 734,167,000 against NGN 265,549,000 a year ago.

Wema Bank plc Reports Audited Earnings Results for the Year Ended December 31, 2014

Wema Bank Plc reported audited earnings results for the year ended December 31, 2014. For the year, the bank reported profit after tax stood at NGN 2.37 billion compared with NGN 1.59 billion declared in 2013. Profit before tax stood at NGN 3.1 billion against NGN 1.9 billion in 2013. Net Interest Income was NGN 18.5 billion against NGN 13.8 billion in 2013. Return on Equity was 5.42% against 3.86% as at December 2013. EPS was 6 kobo compared to 8 kobo at December 2013.

Wema Bank Plc, 2014 Earnings Call, Apr 02, 2015

Wema Bank Plc, 2014 Earnings Call, Apr 02, 2015


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Valuation WEMABANK Industry Range
Price/Earnings 16.6x
Price/Sales 0.4x
Price/Book 0.2x
Price/Cash Flow 16.0x
TEV/Sales NM Not Meaningful

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