Wema Bank Concludes N50 Billion Special Placement
Wema Bank Plc has announced the conclusion of the second tranche of its N50 billion Special Placement, which was fully subscribed.
This development strengthens the bank's capital base, marking a significant milestone in its capital management program. The program aims to fortify the bank's balance sheet, support future growth ambitions, and ensure compliance with the Central Bank of Nigeria's (CBN) revised minimum capital requirements.
- The capital raise follows the successful completion of a N150 billion Rights Issue in September 2025.
- Wema Bank's total qualifying capital now stands at N264.87 billion, exceeding the CBN's N200 billion threshold for Commercial Banks with National Authorization.
The development marks another significant milestone in the execution of the Bank’s capital management program aimed at fortifying its balance sheet, supporting future growth ambitions, and ensuring full compliance with the Central Bank of Nigeria’s (CBN) revised minimum capital requirements.
Author's summary: Wema Bank strengthens its capital base with a successful N50 billion Special Placement.
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