Wema Bank Pledges to Accelerate Growth
The Chairman of Wema Bank Plc, Babatunde Kasali has said the financial institution will continue to opportunities for accelerated growth especially around the sectors and industries such as agriculture and manufacturing.
He said this yesterday, in his statement at the bank’s Annual General Meeting held in Lagos.
According to Kasali, internally, the bank took significant steps in 2018 to ensure that in 2019 it delivers value for shareholders, “and we are prepared to achieve this.”
“Another of our core commitment in 2019 is to continue to use our technology edge to drive disruption to deliver on our goals for the year.
“Wema Bank is well positioned to ride the growth curve and deliver even better performance in 2019. “As a bank, we look forward to 2019 with great confidence as we begin to realise the Wema dream of giving all who interact with us a delightful and memorable service experience,” he added. He said consistently the bank’s aim has always been to scale up and improve market share through various initiatives, saying that it was pleasing to know that in 2018, the bank made significant stride in that direction. “Since 2016, our business has largely focus on four major areas namely innovation and technology, providing excellent customer service, effective risk management and broadening our national footprints to achieve our targets.
“ALAT, Nigeria’s first free digital bank, was borne of this renewed focus and in 2018, the bank continues to record significant growth especially around customer acquisition,” he added.
Continuing, the bank chairman said: “As we effectively refocus and strategise to drive the bank in 2019, there are certain key factors that might negatively impact the domestic and international economies. These factors include the following: continuing trade tensions between developed and developing economies like the United States and China; the manner of the United Kingdom’s exit (Brexit) from the European Union will also be a significant drag on global economic growth.”
In addition, he noted the slowdown in global economic growth that had been impacting commodities trading