Wema Bank Plc has announced the successful conclusion of the second tranche of its N50 billion Special Placement, which was fully subscribed and strengthens its capital base. According to a press release dated October 17, 2025, this capital move marks another milestone in the Bank’s capital management program designed to fortify its balance sheet, support future growth, and ensure full compliance with the Central Bank of Nigeria’s revised minimum capital requirements.
This capital raise follows the Bank’s completion of a N150 billion Rights Issue in September 2025, bringing Wema Bank’s total qualifying capital to N264.87 billion — comfortably above the CBN’s N200 billion threshold for commercial banks with national authorization.
Speaking on the development, Moruf Oseni, Managing Director/CEO of Wema Bank, said, “We are delighted to have received all necessary regulatory approvals for our N50 billion special placement. This marks another major step in our strategy to strengthen Wema Bank’s capital base, enhance liquidity, and position the institution to pursue emerging opportunities for sustained growth. We appreciate the continued confidence and support of our shareholders, regulators, and customers as we execute our growth agenda.”
Proceeds from the placement will be deployed to accelerate Wema Bank’s digital transformation, deepen penetration across its retail, SME, and corporate segments, and expand its lending capacity to key productive sectors of the Nigerian economy. The funds will also support ongoing investments in technology and human capital development, boosting operational efficiency and service excellence.
By completing this tranche, Wema Bank has de-risked its capital position well ahead of the March 2026 deadline, earning added investor confidence while some of its peers continue to scramble to meet regulatory requirements.
In terms of performance, Wema Bank is expected to sustain momentum. For the six months ended June 30, 2025, the Bank reported a pre-tax profit of N100.5 billion, representing a 229.12 percent increase from N30.5 billion in the same period of 2024. Total assets climbed to N3.9 trillion (up 10.53 percent compared to December 2024), while retained earnings grew to N169.3 billion from N103.2 billion.
Investor sentiment has responded positively: the Bank’s strong capital position and growth trajectory have been factors in its share price performance, as its stock has recorded a year-to-date gain of 106.69 percent, outperforming the Nigerian banking sector.