Wema Bank Plc has been recognised once again for its dedication to the highest standards of disclosure, transparency, and fairness in disseminating information to investors and other stakeholders.
The bank was recently awarded the prestigious BusinessDay Nigeria Investor Value Awards (NIVA) for its adherence to corporate governance ethics in driving its impressive performance on the Nigerian Exchange (NGX).
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While speaking about the award, Funmilayo Falola, Head, Marketing Communications and Investor Relations, Wema Bank, praised the award’s organisers for their recognition, saying it was an affirmation of Wema Bank’s transparency and commitment to corporate governance and best practises.
“We appreciate the organisers recognising the importance of what we’re doing, especially in terms of instilling strong corporate governance ethics in our corporate culture.” This has strengthened and instilled trust in the bank’s stakeholder base.
“At Wema Bank, we believe in sharing relevant data with our stakeholders in a timely manner, including our earnings reports.” We don’t sugarcoat things and are always honest about the state of our company, even when times are tough. “This is why Wema Bank continues to be one of the most trustworthy banks in the country,” she explained.
According to the organisers, the Awards Review Committee and BusinessDay’s Research & Intelligence Unit chose Wema Bank for the award because of its commitment to the highest standards of disclosure, transparency, and fairness in disseminating information to stakeholders.
The bank was also chosen for its outstanding performance on the Nigerian Exchange in the past year under review, when profits increased by 93.72 percent from N4.58 billion in 2020 to N8.87 billion in 2021, with a profit margin of 9.71 percent.
The NIVA Awards are a survey conducted by BusinessDay’s Research & Intelligence Unit (BRIU) and the Awards Review Committee to assess more than 150 companies listed on the Nigerian Exchange Group (NGX).
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The awards honour public and private company executives who have generated long-term alpha for their shareholders through strategic priorities, operational efficiencies, organisational values, and market engagement activities.
