Wema Bank Named Best Overall Investor Relations Brand 2022

Nigeria’s first innovative financial institution, Wema Bank Plc has been recognized for its commitment to the highest standards of disclosure, transparency and fairness in the dissemination of information to investors and other stakeholders.

The Bank was awarded the ‘Best Overall Investor Relations’ mark at the 8th edition of the prestigious BusinessDay Nigeria Investor Value Awards (NIVA) for its adherence to corporate governance ethics in driving its impressive performance on the Stock Exchange Nigerian (NGX).
Speaking about the award, Head of Marketing Communications and Investor Relations, Wema Bank, Funmilayo Falola, praised the award organizers for the recognition, saying it was an affirmation of transparency and Wema Bank’s commitment to corporate governance and best practices.

“We are grateful to the organizers for recognizing the impact of what we do, particularly the entrenchment of corporate governance ethics in our corporate culture. This has reinforced healthy relationships across the bank’s stakeholder spectrum while building trust.

“At Wema Bank, we believe in the transparency and timeliness of sharing relevant data with our stakeholders, including our earnings reports. We don’t sugarcoat things, but we’re always upfront about the state of our business, even in the worst of times. This is why Wema Bank remains one of the most credible banks in the country,” she said.

According to organizers, Wema Bank was selected for the award by BusinessDay’s Awards Review Panel and Research and Intelligence Unit for its commitment to the highest standards of disclosure, transparency and fairness in dissemination of information to stakeholders. The Bank was also singled out for its impressive performance on the Nigerian Stock Exchange despite a difficult macroeconomic environment over the last year under review in which its profits rose by 93.72% from N4.58 billion in 2020 to N8.87 billion in 2021, recording a profit margin of 9.71 percent over the same period.

The NIVA Awards are a survey conducted by BusinessDay’s Research and Intelligence Unit (BRIU) and the Awards Review Board to assess over one hundred and fifty companies listed on the Nigerian Exchange Group (NGX) under a thorough evaluation process.

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