Wema Bank is a Nigerian banking institution that has been operating since 1945. It is headquartered in Lagos, Nigeria's largest city. The bank was originally established as Agbonmagbe Bank but changed its name to Wema Bank in 1969.

As a commercial bank, Wema Bank offers a range of financial products and services to its customers. These include personal banking services such as savings accounts, current accounts, and fixed deposit accounts. The bank also provides corporate banking services, including loans, overdrafts, and treasury services.

Additionally, Wema Bank offers digital banking solutions to its customers, allowing them to access their accounts and perform transactions online or through mobile banking applications. While Wema Bank primarily operates within Nigeria, it does have a global presence through partnerships and correspondent banking relationships. These partnerships allow the bank to offer international banking services to its customers, such as foreign currency services, international wire transfers, and trade finance.

Wema Bank has subsidiaries that complement its core banking operations. These subsidiaries include Wema Asset Management Limited, which offers investment management services, and Wema Trustee Limited, which provides trust and estate planning services. In terms of market position, Wema Bank is considered one of Nigeria's leading banks.

It competes with other major Nigerian banks such as Guaranty Trust Bank, Zenith Bank, and Access Bank. While its global sales figures are not readily available, Wema Bank has been recognized for its innovation and growth within the Nigerian banking industry. In recent years, Wema Bank has undergone several changes to its brand strategy and product lineup.

The bank has embraced digital transformation, introducing new digital banking solutions to enhance customer experience and expand its market reach. It has also implemented various initiatives to promote financial inclusion and support small and medium-sized enterprises. These efforts have contributed to the bank's growth and increased customer satisfaction.

As of the latest update, Wema Bank continues to operate successfully and expand its presence in the Nigerian market. The bank remains committed to innovation and digitalization, ensuring it meets the evolving needs of its customers and maintains its competitive edge in the industry