N264.7 billion in Total Qualifying Capital placed wema bank above the Central Bank of Nigeria's N200 billion minimum when it completed the recapitalisation exercise in April 2026, securing retention of its National Banking Licence and signalling an immediate lift in capacity to expand lending and services.
Wema Bank N150bn Rights Issue
N150 billion was raised through a rights issue that opened on April 14, 2025 and closed on May 21, 2025, and the bank later added N50 billion via a special placement in 2025 to reach the capital threshold, a programme the bank says supported its April 2026 filing to the regulator.
N3.2 trillion Customer Deposits
N3.2 trillion in customer deposits at the end of 2025 — up from N804 billion in 2020 — expands Wema's deposit base and underpins its funding for increased lending; loans and advances supplied 60.4 per cent of the bank's N576 billion interest income in 2025 while investment securities contributed 35.5 per cent, signalling how asset mix will shape deployment choices.
N221.8bn Profit Before Tax
N221.8 billion profit before tax for 2025, representing a 116.44 per cent rise from N102.5 billion in 2024, gives Wema internal earnings power to support growth even as Chief Risk Officer Sylvanus Eneche cautioned on deployment: "With significant capital that has come in now, we need to deploy; however, we are selective in the kind of assets we invest in, being risk aware," framing a cautious roll-out into higher‑tier corporate credits.
Two to three years is Wema's stated target window to attain tier-one status, and CEO Moruf Oseni framed the April 2026 milestone as the corporate hinge for that push: "The successful completion of our recapitalisation exercise is a defining moment for Wema Bank. It is a strong validation of our strategy, our performance, and the enduring confidence our shareholders and stakeholders have in our vision." He added that the capital "strengthens our ability to compete at scale, deepen our market presence, and deliver more value to our customers across Nigeria through improved access to credit, enhanced digital banking experiences, and innovative financial solutions."
