Wema Bank aims to pay out dividend first time in 10yrs

Shareholders of Wema Bank PLC will soon begin to receive dividends.

The bank’s Managing Director, Mr Olusegun Oloketuyi, who gave the assurance at the annual general meeting in Lagos, said the bank has entered the final stage of the restructuring process that started in 2009.

He told the shareholders that the bank had witnessed a remarkable turnaround over the years with consistent improvement in all key indicators.

He pointed out that despite the slow start to 2017, the bank recorded significant progress and was able to conclude its capital reorganisation scheme.

Chairman, Wema Bank PLC, Mr. Babatunde Kasali said the bank delivered on a substantial proportion of its strategic goal for 2017 while undertaking bold steps to ensure that it consolidated on earlier gains.

He pointed out that year-on-year, the bank continues to record significant achievements in various areas, which include the launch of ALAT, Nigeria’s first fully digital bank, as it also develops new capacities for sustainable competitive advantages.

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