Wema Bank's digital rebirth: Surging deposits, soaring ambitions 

    BusinessDay | Newsletter | Feb 03, 2026    
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Nigeria’s Wema Bank Plc has been long defined by its digital savvy and mid-tier status. It now seems to be shaking off years of subdued performance and cutting a credible new vista in its corporate life. Dominated by titans like Zenith and GTCO, Nigeria’s 80-year-old longest-surviving indigenous bank has leveraged digital innovation and savvy capital management to post incredible results, with 2025 profit after tax surging 124 per cent to N193.2 billion on a 63 per cent jump in gross earnings to N653.3 billion. The resurgence goes beyond the numbers to post a testament to strategic pivots in a high-interest-rate environment squeezing margins but rewarding the nimble.

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